Consider buying a call option on March ICE coffee futures.
See on the daily bar chart for March coffee futures that prices are in a fledgling up-trending channel. The bulls have gained a bit of upside technical momentum recently, to begin to suggest that a major market low is in place. Also, this week’s big rally in the crude oil futures market is a bullish clue for all of the beaten-down commodity markets, such as coffee. Consider buying a call option on March coffee futures, with an upside price objective of $1.3000, or above. The option expires in mid-February.
