What Would Juan Valdez Think Of Coffee Prices?

12 Mar in Blog, coffee futures, futures broker

 Coffee Futures-- Coffee futures today plummeted once again to fresh contract lows continuing a huge bear market down to 184.85 a pound down finishing lower by 50 points to new contract lows. This market is a falling knife and in recent weeks has gone from 225.00 to 181.50 a pound in a matter of weeks and looks like it could even retest the 150.00 area, however I would be looking to get long this market going into the spring. Today’s lows might be a short term low in coffee price safter rallying 400 points from the lows of the day.. When you trade commodities you want to trade with the trend and this trend in coffee is sharply lower, so don't pick bottoms because in the long run it will ruin you trading account. In my opinion when May or June arrive I think coffee prices will stabilize going into frost season. If you have any questions about trading the coffee market please call Michael Seery at 800-615-7649.

 

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