Coffee Prices Slightly Higher

10 Apr in Blog, coffee futures, commodity broker, commodity trading, cotton futures, futures broker, futures trading, lumber futures, Michael Seery, milk futures, option broker, orange juice futures, Seery Futures LLC, soft commodities, sugar futures

Coffee Futures--- Coffee futures this morning are holding on by the skin of their teeth up 100 points at 181.80 a pound in the July contract, however earlier the trading session was up over 400 points only to sell off in sympathy with the rest of the commodity sectors and by the end of the session might even reverse lower to a new fresh contract low. Coffee futures have been in tremendous bear market over the last six months however in the last four weeks we've just been a 10 point trading range retesting highs and then retesting the lows so in my opinion with the weak commodities momentum at this point I think coffee might head lower here in the short term. .  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.

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