Coffee Futures---Coffee futures in the July contract are trading higher for the 3rd consecutive trading session up 205 points for the day right near session highs at 145.55 a pound as I am soon to be recommending a possible bullish position if prices break the 146.50 level as this is a high-risk trade and should only be taken with large monetary accounts.
Coffee prices are trading above their 20 day but still below their 100 day moving average which stands at the 148.50 level as I do believe that the 140 area has held on many different occasions as it looks to me that the frost premium is starting to be built into the price so look to play this to the upside while maintaining the proper stop loss.
Nguồn: Barchart.com