Sunday, March 18, 2012

New Orders

This ETF is supposed to track Coffee. Coffee has been in a heavy down trend.  I have a sell stop order at 44.11 below the low of this consolidation area, but low enough that I gave some extra ticks to avoid a false move (hopeful).  I'm hopeful that it acts the consolidation last month, which broke hard to the down side.  

For reference: Here's the weekly spot coffee price.  The 200 week MA may provide some support but other than that it could fall another .30c

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