r e l a t i v e // strength

coffee 8/27

coffee

The strength in coffee has held the uptrending line. Looking at the December chart shows that support may soon be tested and, if it holds, the follow-through strength will be important to watch.



With flat support for the contract resting at 98.00, the market has a lot of breathing room. Looking at the stochastics, we are borderline overbought and due for a correction, which makes watching any test of support even more important for emergent buying.

posted by jared @ 10:30 AM