Coffee Prices Have Broken Out

29 Nov in Blog, coffee futures, commodity trading, cotton futures, futures trading, Mike Seery, orange juice futures, seeryfutures, sugar futures

Coffee Futures---Coffee futures in the March contract finished up 235 points to close at 132.90 a pound as I'm now recommending a bullish position from right around this level while placing the stop loss at the 10 day low at 124.80 as the risk is around $2,600 per contract plus slippage & commission as the chart structure will start to improve in 4 days therefore lowering the monetary risk, as this is a high risk trade as coffee is the largest cont

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