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.Coffee futures have advanced to a five-year high, in a technically accelerating bull market that has defied expectations. Fundamentals are bullish on expectations of a seven-million-bag deficit, a cyclically small Brazil, and reduced Vietnam output. I still like buying May Coffee at 122.35 or better with a short-term target of 145.00-150.00.
International Futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
www.ifgfutures.com
posted by Lee Gaus @ 2:48 PM
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