Consider buying a call option on December ICE coffee futures.
See on the daily bar chart for December ICE coffee futures that prices have seen a bullish upside “breakout” from a basing area at lower price levels. Prices late last week hit a two-month high and the bulls have gained some upside near-term technical momentum, to suggest a market bottom is in place. Consider buying a call option on December coffee futures, with an upside price objective of $1.5000 or above. The option expires in early November.
