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Sunday, May 10, 2015

Coffee Weekly Trend & Trading Levels - 10 May 2015

Coffee Best Buy & support @ 132, Resistance & best sell level @ 133.95, A break above 138 upside target capped @ 140.05 - 142. However, a crack below 129 downside target capped @ 126 - 124.05

Now @ 134.05

Daily Trend - Bullish

Weekly & Monthly Trend - Firm Bearish 

Strategy - As weekly & monthly trend is bearish and prices still have room for downside - Add sell positions @ 138 average @ 140, add more if get 142 for target 126 - 124
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