Coffee C FuturesLong
Coffee Futures
Coffee continues to be in upward channel, having calmed down from recent frost scare last week. Long term supply still predicted as a deficit so waiting to now have a clear buy signal from technicals. Target Buy at 145 and exit at 165 over next few months move. 3 weeks for another frost event to spook the market and build a 15 usc/lb premium into the value per last trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.