06/01/2015 – Copper

July copper:

1. Since Wednesday, May 20 our Williams edge live meetings indicated that July copper (then trading at approximately $282) would continue its current decline and test $273/$72 into June 2015. Aggressive traders were encouraged to trade for the coming decline.

2. Subsequently, July copper declined and yesterday (Mon., June 1) completed the $273/$72 downside target (yesterday’s session low, $271.00). This completes the forecast/trade. Will message any further entry or indication in July copper.

David Williams