Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Good morning all. Some good posts throughout the weekend and so far this morning.
For the moment , the market appears to be vulnerable to the holiday trading (Columbus day here in the US, banks are closed).
Very light volume, though a market which at the moment is steady. It seems to alternate between steady action and bouts of pressure, neither of which are overwhelming.
A quick dip below 1.30 was short lived and immediately bid back higher. First area of resistance was met overnight (13135). From here, 13175-13205 would come in as the first resistance "area".
13275-13300 would come next.
Downside, 12945 -12920*, 12880-865 likely provide good support.