KCU10 – September Coffee (Last:173.05)

September Coffee (KCU10) price chart with targetsCoffee futures have had quite a summer, gaining 34% since early June.  They’ve spent most of July consolidating that gain and now bid fair to challenge a midpoint resistance at 178.25, basis the September contract.  This Hidden Pivot is crucial to the intermediate-term picture, since its decisive breach on a closing basis would portend more upside to as high as 200.70.