Market Monday 28/03/2011

Market Monday 28/03/2011
The market closed again on the Monday low of 465 points at 263.95 cents per pound weight.
The appeal of roasters that the price was too high and that the market needed a stronger fix to find a balance point seems to me that taking force and all operators who already believe is inevitable.
It would be a market this unique and fascinating is that the coffee market, the market would fall in between the Brazilian crop, low in stock, but also rose to the call super Brazilian harvest would not be surprising if it were to happen.
The shoulder head shoulder graphical figure that appears on the market to break the neck is straight from the disruption of 260.00.
Value that is very close to happening, but I'm still not totally convinced that market forces.
If that happens we will open trade in the selling end, because the aim of this shoulder head shoulder for me would be a third wave down would be a target at 245.00 after 230.00 and 215.00 final target. Let's wait to make the decision.
Wagner Pimentel
WWW.cafezinhocomamigos.blogspot.com