Coffee futures (KC1!) is in Y wave down so stay short in bounce with stops above 127.25 with smaller quantity for Y wave down for target below 106 or even lower. THere is small possibility of X wave extension, so stops should be above the major swing high and stay small so that full move can be captured.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.