Green Coffee Update-August 5, 2016

August 5, 2016

Good Morning

Yesterday September moved to a low of 1.3695 which is the lowest low since June 28 and break through of the support level of 1.40, but the bears could not hold.  September reached a high of 1.4325 and then closed at 1.4210 up 170 points.

On the opening this morning September gapped up to 1.4230 and then proceeded to climb 1.4390 by 8:30.  Currently September is trading at1.4155 down 55 points.  The Dollar and the Real are both up so the market is not influenced by currency.

Question:  Will 1.40 support hold again?  If it does, this may encourage the bulls on Monday.