Coffee Futures Makes New Multiyear High

Looking at the July 2014 Daily Coffee Futures chart below, you can see a new high was reached a couple days ago on 4/23/14. ¬†Prices haven’t been this high since early 2012 (see Monthly Coffee chart below).

We wil look for a 1-2-3 top formation over the next several days and then short the Coffee Futures market.

Daily Coffee July 2014Monthly Coffee

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