Coffee could see a strong 1H following its recent reversal from the year low earlier in the month.

Based on our wave count, we reckon that coffee is now on the way to complete the final leg of its large a-b-c correction that began in late November 2013.

The recent low of 160.10 is the critical support at the moment. 

If our count is right, we expect Coffee to rally to new highs above the 2014 high of 229.10, targeting 267, where wave-c is equal in length as wave-a. 

Taking out 201.35 would further boost our bullish view. Continue to buy on weakness here with a stop placed below 160.10.