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Coffee Prices Near A 5 Week High

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Coffee Futures---Coffee futures in the March contract settled last Friday in New York at 127.50 while currently trading at 129.80 a pound up about 230 points for the trading week as I have talked about the December contract but expiration is upon us so let's focus on March as I will be looking at a bullish position if prices break the 5 week high of 131.75 on a closing basis.

If that situation does occur I would place the stop loss under the 10 day low which stands at 124.80 risking around 700 points or $2,800 per contract plus slippage and commission as the risk is high as coffee is a very large contract.

The chart structure will start to improve early next week therefore lowering the monetary risk as prices are now trading above their 20 day moving average, but still below their 100 day which stands at 135.40 as volatility still remains extremely low.

At the current time my only bullish soft commodity recommendation is in the sugar market which is higher for the 6th consecutive session today as I am becoming bullish most commodity sectors so keep a close eye on coffee as we could be involved in this sleeping giant come next week's trade.




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

Skype Address: mseery TWITTER---@seeryfutures



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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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