Do Not Be Short Coffee !

Do Not Be Short Coffee !
Do Not Be Short Coffee !

Coffee Futures—Coffee futures in the March contract settled slightly higher for the trading session ending up 20 points at 12110 a pound breaking a 3 day losing streak as prices have now hit a 3 week low topping-out around the 129 level in last week’s trade.

At the current time I’m not involved as I was engaged in a bullish position over a month ago getting stopped out as the trade really has gone nowhere, but I still believe if you’re a long-term investor prices are incredibly cheap in my opinion and if you take a look at the agricultural sector especially anything from the country of Brazil prices are accelerating quickly to the upside and I think eventually this will happen to this commodity as this sleeping giant will wake up as the downside is extremely limited.

I will not recommend a short position from these depressed levels so look to play this to the upside especially on any type of price weakness while maintaining the proper risk management technique. 

TREND:MIXED–HIGHER

CHART STRUCTURE: SOLID

VOLATILITY: HIGH  

 

 

 

If you are looking to contact Michael Seery (CTA—COMMODITY TRADING ADVISOR) at 1-630-408-3325 I will be more than happy to help you with your trading or visit www.seeryfutures.com 

 

TWITTER—@seeryfutures 

 

 Email: mseery@seeryfutures.com

If you’re looking to open a Trading Account click on this link www.admis.com 

 

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