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Sunday, February 17, 2013

US COFFEE TREND & TRADING LEVELS FOR THE WEEK AHEAD : 18 FEB 2013

BEST BUY & SUPP @ 139 (CURRENT RESIS) ACTUAL RESIS & BEST SHORT LEVEL @ 139.95 A BREAK ABOVE 141 UPSIDE TGT IS @ 144.25/144.60 ; HOWEVER A CRACK BELOW 138 DOWNSIDE TGT INTACT @ 134.35/133 

LTP - 138.5

TREND : DAILY - FIRM BEARISH 
                    WEEKLY -  BULLISH REVERSAL WITH BEARISH STREAKS

STRATEGY : SELL IN THE EARLY WEEK @ 139 - 139.50 FOR TGT 134.30 ; AGAIN REBUY @ 133.30 WITH A STRICT STOPS @ 126.90 FOR WEEKLY TGT 144 & NEAR TERM TARGET 168

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