#Premarket Prep Technical Update - Coffee Futures Finding Resistance
Coffee futures are trading lower by $2.00 at $174.40 in Tuesday's session. Earlier in the session, the contract failed to clear Monday's high ($177.55) reaching $177.30 and began to decline. Coffee is attempting to find intraday support at $174.00. If that level does not hold, there may not be any major support until Monday's low ($166.00).
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.