Coffee plowed through resistance today, putting it into a new trading range (with new daily overbought price zone). The potential is for prices to rise even higher for 6/2. Expect prices to not only exceed 142.75 but also to breach 144 as well.

However, here is where it will start to meet new resistance, between 144.50 and 145.40. If price were to breach this resistance zone and touch 145.75, it will likely continue to 146.20+.

Daily cycles puts 6/2-3 as a pivot top time zone. 6/2 holds the highest probability. The resultant move if price were to follow the cycle pattern is to DROP into 6/8-9.

Cheers!
:-)

Rick