Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thanks Tango. The market, while thin, is currently on the heavy side. Seems to still be finding its way following Friday's bounce higher.
Currently trading 12960, yesterdays low. Would look towards the the 12900-12880 level as a better support area. No real conviction here. We have other markets responding to various external forces. CT for example remains supported by the weather. The metals and equities are again being influenced by the North Korean tensions. KC remains isolated for the moment, and lacking any real catalyst to push the market strongly in either direction.
Spreads basically unchanged. The 1.30 level could be pivotal either way here. Again, currently below that level. I would also point out, with the US Labor day holiday upcoming, many traders may be enjoying an extended end of summer vacation (I will out Thursday and Friday).