Dec. Coffee Trend Turns Up on Trade Through 124.90 - FuturesHound.com the Futures Portal

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Dec. Coffee Trend Turns Up on Trade Through 124.90

James Hyerczyk, Futures Hound

Published 09/09/2009 - 6:40 a.m. EST

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James Hyerczyk

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Daily Analysis

December Coffee

The weaker Dollar could trigger a breakout rally in December Coffee. This market starts the day in a down trend, but upside momentum could change the trend to up on a trade through 124.90.

Based on the main range of 141.65 to 119.90, look for a possible retracement to 130.75 to 133.35 as long as the Dollar continues to weaken.

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