14th Feb - Coffee Still Looks Weak
14 February 2013
MONTHLY CHART – CONTINUATION:
Support offered by the 142.65 61.8% retracement of the 2001/2011 upmove remains under pressure – will the lower 76.4% level be tested in due course?
DAILY CHART – Mar-13:
The slip back from first resistance around the 157.35 Jun low has continued (breaking through this resistance would have made things more interesting here).
S/term we must still keep in mind the bear channel base projection which now coincides with a Fibo projection at 132.00.
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