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Tuesday, April 1, 2014

Elliott wave analysis of Coffee - Medium term count

Coffee

As long as minor support at 1.72 protects the downside wave ii could move a little higher towards
1.87 and maybe even 1.93 before wave iii lower takes over for a decline towards at least 1.43 and possibly even lower towards 1.14.

Longer term I'm looking for wave C to break below the former low at 1.01.

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