mar Coffee (update)

It's been a couple weeks since we looked at Coffee.  The COT report still shows commercials near 8+ year bullish extremes.  I think we are seeing signs a bottom is in and is a good time to take a chance at getting long some futures.  The market formed a double bottom pattern today bouncing off an 8 point support trendline and in between MS1 and MS2.  You have bullish divergence on the RSI and a close above the 10 and 20 DMA.  The big key is you finally got a lower low followed by a higher high signalling a change in trend.  Will it be a big change in trend or a minor one? only time will tell, but it's worth taking a risk here.  Got long @ 148.05 (tick above the recent swing high) with stop @ 141.75 below recent low of 141.80.  The risk here is ~ 2362.50.  I will be looking for a big upside move with initial aggressive target near 185.00