Disclaimer: Ours is an advisory role. The final decision and consequences based on our information is solely yours. Moreover, in keeping with regulatory guidelines, we do not guarantee any returns on investments. Prospective investors and others are cautioned forward-looking statements/predictions and may be subject to change without notice.

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Sunday, April 19, 2015

Coffee Daily - weekly - Monthly Trend & Trading Levels - 19 Apr 2015

Coffee Daily Bullish Trend expired?


Daily Trading Levels 

Best Buy & support @ 139, Resistance @ 139.90, A break above 140.80 upside target @ 142.65 - 143.50, However a crack below 138.10 downside capped @ 136.30 - 135.45

Strategy: Sell Coffee @ 139.90 - 140.80 for target 136

(136 is also our weekly support & best buy level)

Weekly Trend 


Weekly Trading Levels

Best Buy & support @ 136 , Actual resistance & best sell level @ 137.70, A break above 139.40 upside target capped @ 144.80 - 147, however a crack below 134.30 downside capped @ 128.40 - 126.20

Now @ 139.28

(The above levels activates once prices touch "136")

Strategy: As mentioned in the chart monthly trend plays a major role in deciding the overall trend, however, tomorrow EOD charts sheds more light on weekly direction..

Traders should keep a hawk eye on 136 levels, If the prices take support b/w 136 - 135.40 and manages to clear 139.40 prices are likely to shoot up till 144.80 before the monthly technical inevitable target 126.20 

Monthly Technical Chart 


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