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How High Are Coffee Prices Going ?


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Coffee Futures---Coffee futures in the July contract is trading higher for the 4th consecutive session currently trading at 102.70 a pound after settling last Friday in New York at 93.30 all on concerns about heavy rains and a possible frost hurting production numbers in the country of Brazil.

I have been recommending a bullish position from around the 95.80 level and if you took that trade continue to place the stop loss under the contract low and 14 year low at 87.60 as an exit strategy, however I will raise the stop in next week's trade therefor the monetary risk will be lowered.

Coffee prices are now trading above their 20 and 100 moving average telling you that the trend has shifted to the upside as we enter the volatile possible frost season in the country of Brazil as that could send prices sharply higher so continue to play this to the upside as I still think prices will test the 110 level in the coming days ahead.

The chart structure at the present time is terrible due to the fact that prices have run up that rather quickly however next week that situation will improve and if you did not take the original recommendation wait for some type of price decline before entering as prices might be experiencing overbought conditions.

TREND: ----HIGHER

CHART STRUCTURE: POOR

VOLATILITY: INCREASING

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 www.seeryfutures.com

Skype Address: 5da1f85979b7117b

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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