The next leg down in Coffee could be a big one!
Confirmation came today that coffee has officially started its next leg lower.
We have a position that was put on as a scalp and actually almost got stopped out, however
we remain short coffee.
I have adjusted the trade from a scalper trade to a short term trade and look to probably be out of the trade by year end.
Downside Targets Are As Follows:
The bold faced targets are those with the highest probability.