Coffee going down fast

walshtradingGeneral Commentary

Good Day, Coffee has been going down fast lately for those speculators watching this, you might want to give me a call. Two levels here to watch. Today’s 96.86 low is .05c off yesterday’s my olive line technical low. I have been asked about coffee lately and here is my spin. I have a blue diamond condition as this market has raced, vertical down to my olive buy levels. Use stop loss orders if filled.

Use a stop and Dec is 400 over sept, extrapolate to Dec.

One more Olive buy 300 lower.

Have a nice day, Alan R. Palmer

The information contained on this site is the opinion of the writer and obtained from sources cited within the commentary. The impact on market prices due to seasonal or market cycles and current news events may already be reflected in current market prices. Placing contingent orders, if permitted, such as “stop-loss” or “stop-limit orders, will not necessarily limit your losses to the intended amount