COFFEE: Since my “time” analysis in the MARCH coffee indicates that we’ve EITHER ALREADY FINISHED A “Triple-Three Decline” from the Oct peak; at the Nov 26 low of 109.70, OR it will be completed by LATE FRIDAY/EARLY MONDAY, we’ll presumably have a pretty good idea of the “precise” count...in the next day or two. If Thursday’s 115.15 high IS EXCEEDED FIRST, then we’ll presumably want to RAISE our buy-order...as that should be enough to CONFIRM A COMPLETED, “wave-(2)”, OR “wave-(b)DECLINE” from the Oct peak. On the other hand, however, IF MY SLIGHTLY Preferred Count is right, AND we still need to trace-out A FINAL, “wave-c DECLINE”, then we ought to have A VERY GOOD BUYING OPPORTUNITY in the next day or so. Given this scenario, my “projection” analysis indicates that THE OPTIMUM BUY-ZONE SHOULD BE AT THE 104.80-103.60 LEVEL IN THE NEARBY CONTRACT, AND/OR ABOUT *108.75-107.20 BASIS MARCH. Anyhow, either way, as long as a drop to new sell-off lows DOES NOT occur after Monday, Dec 3, the best count will indicate that we’re FINISHING a “wave-(2), OR “wave-(b)decline”...from the Oct 19 high. In which case, based on the estimated proximity of the “61.8%, and “76.4%-times wave-(a)” projections, my guess is that BEST, UPSIDE TARGET...WILL BE NEAR THE 132.00-133.00 LEVEL. Near-term support is at 112.30 and 111.00-110.10.Resistance is at 113.35 and 115.10-115.60(key).
COFFEE: HRT can buy the MARCH coffee at *108.85, using a stop at 105.40. IF 115.15 IS FIRST EXCEEDED, however, RAISE the buy to 113.75 and stop to 111.00.