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Coffee Prices Sharply Lower Again

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Coffee Futures---Coffee futures in the September contract is sharply lower for the 2nd consecutive session down another 450 points at 106 .60 a pound selling off due to the fact that frost concerns have waned at this time as harvest remains in full swing.

I am currently not involved in coffee as the risk/reward is not in your favor at this time, however if prices drop down to the 103 level I would be interested in buying a futures contract while placing the stop loss under the June 19th low of 96.25 as an exit strategy as the risk would be around $2,600 per contract plus slippage and commission.

Coffee prices are still trading above their 20 & 100 selling off nearly 900 points from Friday's high as the 115 level on the daily chart has acted like cement and has sold off every single time over the last 6 months.

Currently my only soft commodity recommendation is a bullish sugar trade, however I do believe that the 14 year low which was hit on May 7th will hold as the long term bottom most likely is in place so look to play this higher on further weakness in my opinion.




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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