1. In today’s (Wed., July 23) Williams edge live meeting it was noted that our forecast for September coffee to firm up above $167.55 and advance to $175.70/$80 was already underway.
2. During the meeting, September coffee was trading at approximately $173.00 with another $2.50 remaining in the trade. It was noted that coffee could be bought at the market for the completion of the $175.70/$80 upside target.
3. Shortly after this morning’s meeting September coffee completed the $175.70/$80 upside target, completing the trade. Will message any further entry or indication in the September coffee.