Coffee Futures Down 500 Points This Week
Coffee Futures--- Coffee futures is week dropped another 500 points in New York but finished higher today by 80 points at 150.00 a pound in the July contract creating a new 2 ½ year low also making a fresh contract low continuing its grinding bearish momentum which in my opinion will continue to head lower possibly into the mid-130s within the next month or so due to the fact of a lack of demand and an ample supply at this time. Volatility in coffee at this point is extremely low and if you are interested in getting into the coffee market I would look at put or call options because they are relatively cheap compared to where they have been in recent years. I think if you are a longer-term investor and if coffee prices do get down into the low 140s or possibly into the 130s and you have a long term horizon I think that could be an excellent buying opportunity if prices slide to those bargain-basement levels.
If you are looking for a futures broker feel free to contact Michael Seery at 800-615-7649 and he will be more than happy to help you with your trading.
There is a substantial risk of loss in futures, futures option and forex trading. Furthermore, Seery Trading is not responsible for the accuracy of the information contained on linked sites.