derfreietrader

Coffee might get a significant sell off

Short
ICEUSA:KC1!   None

Coffee is at a really important level and it seems to break trough the multiple year bottom line.
I would suggest to wait for the break and then let it retest to see if support turned into resist and then its time to look for a short entry.

There is too much supply and the big whole sellers squeeze the prices to a maximum of minimum earnings to the farmers.

It could drop to as much as 50% in my opinion.

Only my thoughts so make your own research.

Like always

May the markets be with us

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