Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thanks for your charts nagual1. On the daily's I'm surprised we didn't get another "vende fallido". Don't you think the reverse might apply where we had all the compra fallidos on the way down that were bearish now we have gotten two "vende fallidos" that might be bullish.
Phil, I don't know where your big stocks are coming from we've had 3 years of declining production. If it is the green stocks those are being boosted by a fresh crop in Brazil. After the Brazilian harvest I would think that carry over will not be enough to reach next year's harvest. We aren't so dependent upon weather 3 years of short falls in production have already reduced the carry over. The selling pressure will come from producers selling forward next year's crop. GT