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Tuesday, April 1, 2014

US Coffee Near Term & Short Term Trading Range - 01 Apr 2014

Short Term (1-3 months)

Best Buy & Sup b/w 142 - 148 Resistance @ 168 - 172 (current Sup), A break above 196 Upside Target Capped @ 248 above 252 likely to hit 272 - 276

In the Near term (1-4 weeks)  Coffee Price Support Holds @ 173 Resistance 183 above that, it's 193. 
A Break above 196 target's 203, push above 205.8 targets 226 - 236 

Coffee  If  breaks out above 196 before testing 148 - 142 is an odd pattern & prices may not fill the target 248 - 272 rather change its course from 228 - 236 & drop to fill 148 - 142 or let's term it as  
"The Gap of 101 - 209" Run Up"

Now @ 177.13

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