Coffee . . .

Not many people in China drink coffee. Eventually, the percentage of people in China will rival that of the US. People are people. We like coffee.

Can you imagine what that will do to global demand for coffee...and more importantly, to the price of this commodity?

Think people.....

http://www.mrmarketishuge.com

 
Weekly Chart shows next support at 68.00
In fact, a classic "measured-move" would take the March contract back to 68.00 exactly!

Roasters have once again gained control of the market and are supposedly well covered thru March and April, able to wait for prices to come to them.
 
Quote from waggie945:

Futures collapsed under pressure from nervous liquidation as expectations of a large tender on first notice day ( Thursday ) and unexpected gains in Green Coffee Association stocks hit the market.

Sentiment getting super NEGATIVE.
High open interest levels ( 110,426 as of Wed ) complicated yesterday's exodus. Funds are long and commercials are enormously short.

Stay tuned!
More...

so what do you suggest?:) :) :) :) :) :) :) :)
 
Waggie, yeah, 61.8% pullback on weekly is 68 cents. That is what I'm waiting for. However, when you look at commodities and their pullbacks before big moves, they usually do more than 61.8%. So you still have to be very careful if you want to load the boat on the 61.8% pullback.
 
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