Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
It is clear that not many think the last COT report is a bearish news. However, I am truly convinced that the significant growing of managed money short position is clear sign of big troubles ahead for bulls.
I consider the las COT report as very bearish and personally feel this market is susceptible of further downside action.
I expect a initial and wrong upside reaction to the news then a sell off that will drive prices quickly to the key support and new lows.
GT For all