Thursday, January 24, 2013
Coffee At Key Long-Term Support
Above is a 25 year chart of coffee, with each bar representing a month. Last week, coffee prices rebounded off of key long-term (as in five year) technical support. A bounce like that is to be expected after a long and sharp sell-off like the one experienced last fall.
Posted by Hale Stewart at 1/24/2013 02:00:00 PM