TK0421

Coffee Future is getting closer to pick a direction...

Long
ICEUS:KC1!   COFFEE C® FUTURES
KC=F has been in a vicious bear market just like many agricultural commodities . There is a down trend line since May, 2011. It is getting close to the apex of the symmetrical triangle as well. If it breaks up, it will be pretty bullish and it may be the start of new bull market in Coffee .
Comment: Breaking out of down sloping trend line since April, 2011.