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Monday, April 6, 2015

US Coffee - Daily / Weekly Trend & Trading Levels - 06 Apr 2015

Coffee Daily & weekly trend indicating upside momentum, However, 144 still acts as resistance as monthly trend is still in its initial bottoming process & breakout pivot is capped @ 145.3

Daily Trend - Bullish 


Best Buy & support @ 138 upside target capped @ 143.6 - 144 

Weekly Trend - Neutral 

As all indicators are facing resistance as highlighted in the weekly chart


Hence, a breakout above 146 is unlikely - if clears the resistance then reversal target capped @ 166 until resistance is respected target 130 is always an option. Below 129.15 it's 126 - 124 - 122

Now @ 141.18
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