Coffee . . .

Not many people in China drink coffee. Eventually, the percentage of people in China will rival that of the US. People are people. We like coffee.

Can you imagine what that will do to global demand for coffee...and more importantly, to the price of this commodity?

Think people.....

http://www.mrmarketishuge.com

 

Weekly Chart shows next support at 68.00
In fact, a classic "measured-move" would take the March contract back to 68.00 exactly!

Roasters have once again gained control of the market and are supposedly well covered thru March and April, able to wait for prices to come to them.

 

so what do you suggest?

 

mrmarket,

I'm shocked to find you have a website now. Aren't you too big for the internet?

 

Waggie, yeah, 61.8% pullback on weekly is 68 cents. That is what I'm waiting for. However, when you look at commodities and their pullbacks before big moves, they usually do more than 61.8%. So you still have to be very careful if you want to load the boat on the 61.8% pullback.

 

You can always try the next fib retracement number:

.786