Support and Resistance Trading Forum

Coffee
By:Retired
Date: 7/5/2006, 8:24 am
In Response To: Re: 1900s commodity charts *PIC* (Retired)

If I were looking to play this short term move in coffee, I'd be looking for a top in this area.

This is the same thing the previous formation did, pop up before heading down towards longer term support. Support should be down in the 80-90 area depending on chart timeframe.

Tops are pretty easy to find. Wait for the correction and a failed break of the recent high. A penny of it's high is good enough for a retracement, any failure to break high is a selling opportunity.

Just saying.

Cheers.

Responses To This Message

Re: Coffee
Retired -- 7/8/2006, 10:20 am
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