Coffee Futures—Coffee futures in the March contract settled last Friday in New York at 119.05 a pound while currently trading at 125.30 up over 600 points for the trading week as prices have now hit a 1-year high. Coffee prices have traded higher 6 out of the last 7 trading sessions as dryness in the country of Brazil has sparked…
Cotton Futures—Cotton futures in the March contract is currently trading at 65.38 after settling last Friday in New York at 65.36 basically unchanged for the week. I’ve been recommending a bearish position from the 65.00 level and if you took that trade continue to place the stop loss above the 10 day high which now stands at 66.14 on a…
Sugar Futures—Sugar futures in the March contract is trading higher for the 4th consecutive session after settling last Friday in New York at 12.94 while currently trading at 13.16 up about 22 points for the week continuing it’s very low volatility. Prices continually grind higher on a weekly basis and if you take a look at the daily chart the…
Coffee Futures—Coffee futures in the March contract continues its bullish momentum to the upside up another 325 points at 124.50 a pound hitting a 12-month high as this is the strongest soft commodity at the current time. Presently I am not involved, however I’m certainly not recommending any type of bearish position as that would be counter-trend trading and if…
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Coffee Futures—Coffee futures in the March contract continue their torrid run to the upside hitting a 1-year high today higher for the 4th consecutive session up another 235 points at 124.35 a pound. I am currently not involved in this market as the chart structure did not meet my criteria to enter into a position, however I am certainly not…
Cotton Futures—Cotton futures in the March contract is trading slightly lower for the 4th consecutive session down another 10 points at 64.70 as the volatility is extraordinarily low for such a historically volatile commodity. The crop progress report showed that 83% of the U.S crop has been harvested which is right on schedule & should be wrapped up in a…