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It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford


Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin
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The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj


Sunday, 7 March 2010

coffee



Worth keeping an eye on this with the 1 year cycle from the low kicking in this week,a possible declining wedge pattern,doji on Fiday after finding support at .618 retracement and neg divergence on Macd.The weekly swing chart does not look positive though and we need to see the lower high taken out.It is possible that selloffs in some of these soft commodities were due to the strong dollar rather than a change in supply/demand picture,although the cocoa chart still looks bearish.

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