July Coffee traded to a low of 130.60 before reversing and rebounding sharply off the lower parallel line. This price action suggests the market may be in a trend shift and ready to rally off the recent pivot low. Coffee rallied over 100 points off the low, leaving good separation for the low. This is an indication of buying strength and could be the final segment of a new bullish TR pattern. I will have updated information and possible trade recommendation in the next issue of the TMV Swing Tradng Report.
