07/27/2014 – Copper

September copper:

1. In recent Williams edge live meetings it was noted that September copper would likely fail between $327.10/$55 and then decline to at/near $322.70 into early this week (week of July 28).

2. In Friday’s (July 25) Williams edge live meeting it was also noted that although the market had begun the expected decline, traders could still short September copper for several more points for the completion of the $322.70 downside target.

3. Today’s (Mon., July 28) September copper session completed the $322.70 downside target (session low, $322.60, so far). This completes the trade. Will message any further entry or indication as the market confirms.

David Williams