Coffee Thoughts from Tony Woods
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.Hello everyone. I am Tony Woods from International Futures Group and I would like to share my thoughts on the Coffee market.
A tight supply of higher quality coffee should keep futures in an uptrend into the spring. In my opinion breaks are buying opportunities as buyers extend coverage and fund traders continue to build a record high net long position. The market is supported by anticipated supply draw downs and a smaller harvest. Brazil exports are lagging by a third and, and decimated Central American harvests cannot make up the difference. This will likely lead to tighter world supplies and have U.S. purchasers of premium coffee looking to buy more beans.
Here is a Tony Woods Special Trade Recommendation:
Buy May Coffee at 107.00, with a target around 116.00 with a stop loss order on a close below 105.00.
For more information call me at 1-800-786-4475, or email me at tony@ifgfutures.com, please check out our website at www.ifgfutures.com.
Hope to hear from you,
Tony
YOU MUST ALWAYS BE AWARE THAT THERE IS SIGNIFICANT RISK INVOLVED IN TRADING FUTURES AND/OR OPTIONS ON FUTURES AND ARE NOT SUITABLE FOR ALL INVESTORS.
posted by tony woods @ 9:00 AM
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