Coffee Heads Towards Fresh Contract Lows

27 Oct in Blog, Cocoa futures, coffee futures trading, commodity trading, cotton futures, lumber futures, Michael Seery, milk futures, orange juice futures, Seery, sugar futures

Coffee Futures-- Coffee futures for the December contract continue their bearish momentum today down another 340 points 157.60 still within an eyelash contract lows which is around 156.50 still stuck in grinding bear market still trading under its 20 and 100 day moving averages which is a bearish indicator while the fact that there is very little demand for this product at this time due to the worldwide recession’s especially in Europe and China

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