mar Coffee (update)

March Coffee fell just 0.75 cents short of reaching the resistance zone 1 area on Jan 18th.  Since then it has sold off pretty hard closing below the 10, 20, 50 DMA once again.  This market looks poised to test recent lows once again.  However, there is one last line of potential support before it does that- the 78.60 fib retracement ~ 144.80.