Consider buying a call option on July ICE coffee futures.
See on the daily bar chart for July coffee futures that prices have been trading in a choppy and sideways fashion at lower price levels for several weeks. This could be “basing” action that does put in market bottoms. My bias is that the coffee market has already hit or is close to a market bottom. Consider buying a call option on July ICE coffee futures, with an upside price objective of $1.5600 or above. The option expires in mid-June.
