Making money with your morning cup of Joe

Market Pulse: June 21, 2011

With all of the news about stocks, currencies, energies, grains, metals and the European debt crisis, I am sure many of you missed out on some excellent, high-probable trades. I am talking about many of the “softs,” and one in particular — coffee.

Last week, September 2011 coffee opened at 266.00 and closed the week at 252.50. The daily chart below shows that ADX is currently indicating strength to the downtrend. ADX confirmed the range this market has been in since mid-May — 260-275 — finally breaking down below 260 and adding to our OTE. MACD once again has crossed below the signal line, Stochastics are oversold (remember a strong trend is developing) and look how long this market was oversold before the last correction. It could be there again. Look at the daily chart below to see when a short was recommended. These types of profits would buy a lot of Joe.

Proceed to Page 2 for the latest COT Data...

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