11/23/2014 – Coffee
Issued: 11/23/2014
March coffee:
1. On Fri., Nov. 21 March coffee declined, tested and reversed off an important support area between $188/$87 (Friday’s session low, $187.50). This was mentioned in Friday’s Williams edge live meeting, as well.
2. Under normal conditions, continued hourly and especially daily closes above $188/$87 indicate a test/attempt at $198/$99 into next week (week of Nov. 24).
3. Any hourly or especially daily close above $193.00 will also be further indication for the above-noted advance. Will message any new long entry based upon the above as the market continues to confirm.
David Williams
Issued: 11/24/2014
March coffee:
1. Our Sun. (Nov. 23) March coffee update forecast an advance from approximately $191.50 to $198/$99 into early this week (week of Nov. 24).
2. Although no official trade entry occurred, March coffee advanced and completed the majority of the forecast move from $191.50 to $198/$99 in today’s (Mon., Nov. 24) session (today’s session high, $197.80, so far).
3. Williams edge is relatively new to coffee futures however we anticipate more direct trading opportunities as we become more familiar with the coffee futures market movement.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.