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TFC Commodity Trading Forum

Re: Sept Coffee/Breaking Down/rabbit *PIC*

210 would be the Fib 61.8% retracement point of the May/10 to May/11 rally. Presently price is trying to hold at the Fib 38.2% retracment point of 243 which is also its 200ema. Resistance is just above at the 260 breakdown point. I don't expect this support to hold either. A break below 243 would see next support at around the 220 mark which is just under the Fib 50% retracement point. She's still a very sick puppy.