Coffee futures brewing for a short

Alright folks, today we’re taking a look at March coffee futures. KC h two two is the symbol should be the symbol on most platforms KC for coffee. And notice that we are trading into structure here on the higher timeframes, the weekly here and the gray area, the yellow here in the monthly in an ovary on the daily, we have put in both a 123 top as well as a 123. Top at this area of structure. So that move suggests that we’re trade from around 231 to 232, with first targets to around 209 to 210, which is the next level. So we’d be looking for a trade level two level and that lines us up perfectly with seasonality. You can see on the march coffee contract that we basically have a turning point right here at the end of the year into December and trade lower into January and February. This is further further confirmed. With our smart seasonal software. We’re looking for a bearish trade on around 1231 that carries us into about mid November or carries us into about mid February with an 83% win rate over the last six years at average profit on that puppy is about $2,500 per contract so we like this tray we haven’t done anything yet. You can tray the ETF J Oh, you’re gonna see a very similar pattern here. Little bit sketchy or more gaps because this is pretty thinly traded. So if you can trade the futures contract or futures options, as opposed to the ETF, but that is certainly an option for you.