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Tuesday, March 24, 2015

Coffee Daily & Monthly Trend & Trading Strategy - 24 Mar 2015


Daily Technicals

As you can see in the above daily chart - All major technical indicators Fast & Slow SCO - CCI - RSI  are facing resistance, we expect coffee to trade in negative bias for the day as still Monthly Trend remains Firm bearish and has room left for downside 

Monthly Technicals 



Strategy 

 Sell COFFEE above 141 or @ 142.42 - 143.84 for Intraday - Positional Target 137 and risk appetite traders can wait for 134.80, Stops above 147 

Now @ 140.83

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