Consider buying a call option on May ICE coffee futures.
See on the daily bar chart for May coffee futures that prices have seen a strong upside price move to hit a multi-month high, and have since seen a choppy pause. This recent price action has formed a bullish pennant pattern on the daily chart. The coffee bulls still have technical strength to suggest more upside price action to come. Consider buying a call option on May coffee futures. The upside price objective would be $1.6500, or above. The option expires in mid-April.
