Coffee Recommendation
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.Trade Recommendation: Buy Sept Coffee @ 104.50/Target 110.00 short-term trade/Stop 102.00/For Aggressive Traders Only
The International Coffee Organization lowered its 2004-2005 world coffee forecast to 110.5 million bags, down from the previous month's forecast of 114.00 million. Also, the ICO lowered the forecast for 2005-06 1 million bags to 105.0 million bags. Maybe this is the news we need for coffee to move higher.
We bought Dec Corn & sold Dec Wheat at 104 cent yesterday. Target price 80-70 cents, this is subject to change with the weather. The crop production numbers should support this spread.
We bought Oct Sugar @ 946 yesterday/Target price 9.90/Stop Close 9.32
International futures Group
Anthony Woods
Senior Account Executive
(800)786-4475
www.ifgfutures.com
posted by tony woods @ 8:22 AM
0 Comments:
Post a Comment
<< Home