Dec Coffee

[joe longwill]

Any thought on the curent down leg in dec coffee
can this current puyllback be a buying oppurtunity ?

[MR]

Usually when I see a confusing pattern I tend not to comment, but since you asked, here is my general impression. You could be right on the short-term about your take on KCZ3 because there appears to be a MOB support coming up and it has some oversold conditioning built in. However, I am not sure KC has a great pattern for a really bullish major rally at this time. If a rally were to happen, it is getting closer to that area of interest. My personal opinion is so long as we continue this 'stair-step' lower, it is a matter of time we will see KC eventually breakdown. If it is to rally, it needs to happen within 2 to 3 weeks, and it needs to get above 70.00 asap, or my best guess is we can see this thing eventually push below the little MOB and expire weaker. (As a caveat comment, I have never traded KC very well over the years.)

[georgeace]

Hi. I dont even trade coffee, or possess the resources to do so, but I think that a trade in coffee long is an unnecessary risk. Whats the point? To try and catch a small profit, and to "beat the markets downtrend early"? I would venture that the whole market is trading sideways, and is a real opportunity for a really nice short later on, once confirmed. I would think that the reason to trade here would be to make money, and the best way for me to do that, is to do enjoy the power of the trend and impending move, and enjoy it as it drops. I agree with Marcus's view, I think its weak. Enjoy your day. George