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Coffee Prices Up 100 Points

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Coffee Futures--- Coffee futures in the July contract is currently trading higher by 100 points at 99.60 a pound reversing some of the weakness that we have experienced over the last couple of days as dry weather has entered the country of Brazil therefor harvest will not be delayed as that has put pressure on prices over the last week.

I have been recommending a bullish position from around the 95.80 level and if you took that trade the stop lost tomorrow will be at today's low at 97.30 as the chart structure is outstanding at the present time.

For the bullish momentum to continue we're going to have to break the 106 level which was hit as I think we are just consolidating the recent run up in prices that we've experienced so stay long as we are just an eyelash away from being stopped out.

Coffee prices are trading right at their 20 & 100 day moving average as the trend still remains higher as this is my only soft commodity recommendation at the present time. Fundamentally speaking current supplies of coffee continue to tighten after ICE-monitored coffee inventories dropped to an 8-1/4 month low of 2.383 mln bags on Monday down from March's 4-3/4 year high of 2.503 mln bags.




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

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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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