TMV Swing Trade report – Long may Coffee @ 276.95 – current price @ 279.50 – Coffee rallied to a high of 281.90, surpassing the prior swing high of 281.15, soon after the buy signal triggered at 276.95. The stop loss can be placed at 274.75. I look for the market to continue to trade toward the upper parallel line as it approaches the April 19, 2011 reversal date.
