12/08/2014 – Copper
March copper:
1. In our Fri., Dec. 5 Williams edge Live Meeting it was noted that March copper (then trading at approximately $291.00) was expected to decline and test $287.50 into early this week (week of Dec. 8).
2. Although no official short entry was issued, March copper declined from $291.00 and completed the $287.50 downside target and reversed powerfully off that level (today’s session low, $286.55, so far). March copper is now trading at $293.20. Will message any further entry or indication in March copper.
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.