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Coffee Prices On A Roller Coaster Ride


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Coffee Futures--- Coffee futures in the December contract are currently trading at 128.00 after settling last Friday in New York at 134.45 as this market has been a real roller coaster trading from 127 all the way up to 143 in 2 weeks and then from 143 down to 128 in 2 weeks straight up and straight down as I'm currently sitting on the sidelines waiting to enter into some type of bullish position.

The chart structure in coffee is poor at the present time due to the fact of extreme choppiness as we are still trading under the 20 and 100 day moving average with major support around the 127 level and if that is broken we could possibly test the June 22nd low of 119 as I will not take a short position as I have stated in many previous blogs as I think the downside is very limited at the present time.

Weather conditions in the country of Brazil are ideal as we will start focusing on next year's crop as volatility has been relatively high which is a good thing to see as you have to remember in 2014 we suffered a drought sending prices sharply higher in a matter of weeks as weather will be the main factor determining where prices go in the months ahead, however avoid this commodity at the current time.TREND: CHOPPY--LOWERCHART STRUCTURE: POOR

If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-312-224-8140 I will be more than happy to help you with your trading or visit www.seeryfutures.com

Skype Address: mseery TWITTER---@seeryfutures

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Email: mseery@seeryfutures.com

If youre looking to open a Trading Account click on this link www.admis.com

There is a substantial risk of loss in futures and futures options. Furthermore, Seery Futures is not responsible for the accuracy of the information contained on linked sites. Trading futures and options is Not appropriate for every investor.



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About the author


Michael is the sole owner of SEERYFUTURES.COM which is a commodity futures and options consulting, advisory, and educational firm.

Michael frequently appears on multiple business networks including Bloomberg News, Fox Business, CNBC Worldwide, CNN Business, and Bloomberg TV. He also writes market commentary for several commodity websites and is interviewed for commodity comments by the Wall Street Journal. He is also a guest on First Business, which is a national and internationally syndicated business show.
 
Michael started his career in 1990 at the Chicago Board of Trade as a runner. He soon worked his way up to becoming a Series 3 broker. He works with seasoned traders as well as novice beginners educating them on trading the futures markets as well as using simple and complex option strategies. Michael covers all markets including grains, metals, energies, and all other futures markets that are traded.
 
To Michael the biggest lesson any trader needs to learn is risk management. Michael believes this is the most important factor in trading. He also works with traders to help them determine the proper risk for their trading style. Michael has spent a lot of time educating his clients to help them understand trading strategies and trading techniques while enjoying spending quality time with customers going over the markets or just talking general trading philosophies.

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