1. Our previous Oct. 9 Dec. coffee report indicated that a daily close below $223.00 in Dec. coffee would indicate a tradable decline and test/attempt at $210/$08 (or lower) into the week of Oct. 13.
2. Although the above trade was later canceled, Dec. coffee declined during the week of Oct. 13 (the current week) and completed the $210/$08 downside target (today’s session low, $208.50, so far). This completion encourages our further use of the coffee market in our Williams edge commodities forecast.