1. In our previous (Mon., Oct. 6) Williams edge live meeting it was noted that Dec. coffee would likely fail upon any retest of $224.50 and be followed by a decline and test/attempt at $212.50.
2. Although no official trade entry was given, coffee responded to the roadmap by testing $224.50 on Tues., Oct. 7 and reversing lower and completing the $212.50 downside target (today’s session low, $211.00, so far).
3. This is further confirmation that coffee should be included in the group of markets traded in Williams Edge. Will update.