Coffee Traders' Forum

Coffee going up?
By:HumbleTrader
Date: Friday, 23 July 2010, 8:38 pm

Fundamentally with high quality beans being very scarce and overall production much less than expected, I am bullish Coffee short term. Also consumption is very high and demand is steadily increasing. Technically Coffee is in the process of forming a bullish flag, as if this market needed strong technicals with all the bullish fundamentals. I bought 180 calls at 158 and looking toward the 2.00 mark shortly. I am 28 and have been reading this forum since I was 16, I always look forward to the veterans of this forum such as Nagual, DaveT, Barefoot, and JuanV, keep up the great information that leads us to success. Great Trades to all!