Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
For me, 14190-14205 would be the next level of resistance (beyond 14140).
Market remains steady, methodical. While there is some divergence present on certain time frames, the market has shrugged it off. WE know the technicals can remain in a state of divergence for an extended period. Personally, would rather wait to see some evidence of the market cracking. Hard to fight the systems that remain in buy mode. I think we cover this ad nauseum as per the weekly COT reports. The day-day movement is largely dictated by the systems.
I think from here, the 1.40 is pivotal as the day progresses. As you stated, and its been the case for several days, dips have been shallow and proven good buys. For now, that remains the case.