peterbokma

COFFEE - SELL

Short
ICEUS:KC1!   COFFEE C® FUTURES
Coffee has started it's descending now, and the key is below 230.00 for further encouragement.
The stochastic are negative now for daily and weekly (the weekly has bearish engulfing pattern).

Strategy sell between $ 240-245 or add to positions for a move to $ 195. Stop-loss $ 252 above Gann resistance.