Consider buying a put option on July ICE coffee futures.
See on the daily bar chart for July ICE coffee futures that prices are in a three-week-old downtrend and this week hit a six-week low. The bears have downside technical momentum to suggest prices will continue to trend sideways to lower in the near term. Consider buying a put option on July coffee futures, with a downside price objective of $160.00 or below. The option expires in early June.
