peterbokma

COFFEE - SELL SELL

Short
ICEUS:KC1!   COFFEE C® FUTURES
the medium-term picture of coffee is to correct over time. we should be seeing 200.00 levels again.
The current price $ 245 is above the BB and the RSI is way higher than the past corrections observed.

Strategy is to sell in small increments, and stop-loss (perhaps not needed due to the high level of RSI ).

manage the position carefully, and take back positions during decline at 227.00 and 217.00 and re-sell when moving higher afterwards.