Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Great report Juan. The COT is certainly bullish and I don’t blame anyone for being enthusiastic about higher prices. It’s necessary to point out however that all the new longs that we see in the COT, small, large and even commercial, will be the sellers in the coming days. The market will likely move higher because the system funds will provide continuous buying but the tempo of the selling as well as the OI changes I believe are important indicators.