"Coffee has room to fall from here," said Hector Galvan, senior broker with RJO Futures in Chicago.
"I think we're seeing some justifiable buying here in cocoa at these levels. Cocoa is really stuck sideways from the fundamentals we had last week," said Galvan.
To read the full article with Hector's comments, please visit brecorder.com.
Series 3 Licensed
Senior Commodities Broker
After earning a bachelor's degree from the University of Illinois at Urbana-Champaign, Hector was encouraged by a relative at the Chicago Board of Trade to get involved in futures. Prior to RJO Futures, he was a broker at Lind-Waldock from 2002-2004. He is experienced in short-, medium- and long-term chart analysis, and uses his knowledge in moving averages, oscillators, market sentiments, money management, and pivot profits to assist clients. His advisory background includes Hightower, Helms, G.... Read More