coffee

Looks as though March coffee will go off the board in the 5050 area. May is at 5165, down 395.


Should be a little battle in here, a break below 5000 point lower, IMO, for the short term.


Still just drinking it.


Might be time to look at some calls.

Here's a continuous coffee chart going back to 1996. It's has the waves marked. EW's are to subjective for me, and this is not my chart ... so take it with a pinch of salt.


We are at 25 year lows below the 5000 mark (4150 on 12/7/01) (I show the high area as 34000 on 3/77)


Catch a move like that, and you might be able to buy lunch ... lol.


http://www.boomspeed.com/deuxsous/kc3mo.gif