The Smell Of Falling Prices Awakens Coffee Bears

The smell of falling prices awakens Coffee bears: So much for the correction! Coffee futures erased most of their recent gains on Friday, as continued frost-free weather in Brazil had traders in a bearish mood. Commodity futures were lower across the board on Friday, and Coffee was no exception. Origin selling capped an early rally based on stronger prices in London. Then local selling helped push prices through support at 101.95, triggering sell-stops along the way. Read More....