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Here Are My Coffee Thoughts

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Coffee Futures--- Coffee futures in the March contract are trading higher by 15 points at 130.90 a pound continuing its slow grinding bullish momentum as prices are right near a 4 week high.

I will be recommending a bullish position if prices close above 131.75 while then placing the stop loss under the 2 week low which stands at 124.80 risking around 700 points or $2,700 per contract plus slippage and commission, however the chart structure in Wednesday's trade will improve as the stop loss will be raised to 125.85 therefore lowering the monetary risk to around $2,300.

Coffee is trading above its 20 day, but below their 100 day moving average which stands at 135.40 as I think there could be some buy stops at that level to push prices even higher.

Weather conditions in the country of Brazil are still ideal, but beneficial rains would certainly help produce an excellent crop in 2018, however it is a long growing season as we still have the weather phenomenon known as La Nia which could throw a wrench into the closet therefore hurting production numbers.

If you take a look at the daily chart it looks like a rounding bottom is starting to occur which is a technical analysis term so keep a close eye on this market as we could possibly be involved in today's trade as this should only be taken with a large trading account as the risk is high.




If you are looking to contact Michael Seery (CTACOMMODITY TRADING ADVISOR) at 1-630-408-3325 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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