1. During our Wed., Jan. 7 Williams live meeting it was noted that March coffee (then trading at approximately $180) was likely to begin a decline back to $168 (or lower).
2. The above forecast was not intended as a trade but merely an indication to further bolster our trading in coffee.
3. Although March coffee took its time, today’s session completed the $168 downside target. This represents a $4500/contract move. Will message any further entry or indication in March coffee.