I have been talking about coffee futures a lot and looking for an opportunity. This chart follows the futures I have been tracking well and we just broke out.
Brazil's forests were ravaged this past year and I am expecting a perfect storm of dollar weakness and supply chain problems leading to a big spike.
• Entry at completion of Batt pattern @127.27
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016: