COFFEE- BUY strategy
I have not followed coffee for a while, and I think last update it looked we may see higher, but stalled and then followed by sharper fall. Not sure the connection to the current situation, and perhaps over supply may be the reasons. I am sure some of the connections can tell more.
Looking at the chart, it feel we are basing again somewhere, and we have seen these levels before. Maybe with low risk stop-loss buying strategy is in place.
Strategy suggested is BUY current $ 220-225 and place stop-loss below $ 200 and take profit around $ 243 for now.
Looking at the chart, it feel we are basing again somewhere, and we have seen these levels before. Maybe with low risk stop-loss buying strategy is in place.
Strategy suggested is BUY current $ 220-225 and place stop-loss below $ 200 and take profit around $ 243 for now.
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