March copper:
1. In last Monday’s (01/22) Williams edge live meeting it was noted that any confirmed breakout of $317.50 in March copper could be sold short for a fast decline to $312/$11, expected into Tuesday, January 23.
2. Subsequently, March copper broke below the $317.50 level and completed the decline to $312/$11 and did so on Tuesday, January 23 (session low, $310.80), completing the forecast/trade.
David Williams