StephenHoad

Coffee Arabic looking fragile?

Short
ICEUSA:KC1!   None
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3
Coffee Arabica: Expected price volatility around bad weather conditions are currently balancing the potential massive crop coming out of Brazil for next year. A head and shoulders pattern has formed and would have a possible longer term target price of 89. Price may find short term resistance at 126 then 118. Upside support may be found at 136 then 143.