Thursday, February 7, 2013

mar Coffee (update)

Coffee has been in a steady decline since just missing it's symmetrical triangle pattern objective back on January 18th.  It was able to post new lows today thus voiding my earlier call for a potential bottom and those options expire tomorrow out of the money.  There are some good potential trades shaping up in other markets that I will be keeping an eye on for possible posts.  They include: Wheat, Copper, T-Note, and the Australian Dollar.


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