Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
As Johnny Depp said in the movie Blow, "Right On." The fund net short NY KC coffee position is about 60% of the high point reached in recent months.
The historic NY KC "W" pattern at this time of the year is also key right now.
Gold, the indicative yellow metal - also impacts the dollar, euro & bonds - VERY INTERESTING RIGHT NOW. Possible surprise ahead. Trump & Rocket Man???
Emotion is a fundamental, perception is reality & timing is the only thing that counts. In short, momentum rules. I smell a shift with Friday's big volume key reversal and the 90 minute false breakdown reversal. COT is also bullish and the daily stochastics just turned up. Anything can happen. Be ready.