MV Swing Trade report – Long March Coffee from 223.05 – Coffee broke out of the bullish reaction swing, I discussed in the last update, and surged to 229.30 where it ran into resistance at the upward sloping median line (basis the 60-minute chart). The median line can be used as a short-term target objective. I will wait for a pullback to offer a new reentry signal pattern. I will keep you updated in this blog or in the next issue of the TMV Swing Trade report.
John Crane
March Coffee - click to enlarge
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