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Here Are My Coffee Thoughts

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Coffee Futures---Coffee futures in the March contract is currently trading at 104.00 a pound after settling last Friday in New York at 101.60 up about 250 points for the trading week.

In my opinion I believe prices have bottomed out as there are pockets of dryness in the country of Brazil, however prices have not reacted just yet, but if that situation continues prices could move substantially higher.

Fundamentally speaking this commodity remains bearish as we have a 4 year high inventory level of 2.166 billion bags coupled with the fact that they raised the Brazilian crop to 61.7 million bags which would be an all time high, however it is a long growing season as that situation could change very quickly.

The main reason why I recommended a bullish position was the fact that there was a technical breakout to the upside when prices cracked the 105.30 level and if you took that trade continue to place the stop loss under the contract low of 98.55 as an exit strategy as the risk/reward are in your favor. Let's see what next week's trade brings as I certainly think the volatility will start to expand as it still remains historically extremely low.




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 withyour trading or visit

Skype Address: 5da1f85979b7117b



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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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