Frost or no frost coffee’s fundamentals are way to strong for prices in the low 2’s. Did we just have a false breakdown out of a 5 month consolidation? Looks like an awfully good start to an impulse wave 3 after taking out the majority of longs. Never looked like a coffee top and the weekly chart still looks good. The best trend signal for coffee albeit very late is the 10 week moving average crossing the 40 week we were getting very close but so far still in bull mode. Winning big comes with a lot of pain that’s just reality.Still expecting a historical move in prices.
Disclaimer: I could be wrong!
G.L