Trading commodity futures and options involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge and financial resources.

Coffee futures moved lower today (1/27) closing down nearly 3% on the week.

This move lower generates a sell signal for March coffee futures on the daily chart.  This is the first sell signal coffee has given since the trend changed to the downside three days ago.  Coffee futures are also giving a sell signal on the weekly chart this week indicating coffee may have ways to go to the downside.  Technically speaking, if it plummets below the 210 level there is very little to support coffee prices directly underneath.

Also, some European traders project the upcoming Brazilian coffee crop may be able to offset supply shortfalls from this season which could pressure coffee prices further.

Subscribe FREE to my daily charts and set-ups newsletter: http://www.zaner.com/3.0/lbaer.asp 

My intra-day commentary now available at: http://www.larrybaer.com/

To review what I consider an up-trend, down-trend and "buy/sell" signals watch Larry Baer's Traditional Trending Strategy video.

Call me for trade set-ups at (312) 277-0112

SEE CHART

Call me for details and trade set-ups at (312) 277-0112

or toll free at 888-281-4161

or email: Lbaer@Zaner.com

How to open an account with Zaner Group.

Open an account with Larry Baer at Zaner Group.

Subscribe FREE to my daily charts and set-ups newsletter: http://www.zaner.com/3.0/lbaer.asp 

My intra-day commentary now available at: http://www.larrybaer.com/

Futures, options and forex trading is speculative in nature and involves substantial risk of loss. All known news and events have already been factored into the price of the underlying commodities discussed.