Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Agree completely. Like the price action, hard to argue with open interest. Even non-believers can be bullish off the big jump in OI yesterday on a down day and the last COT report. The next COT report could be even more bullish. Again, these are just tools. As sloppy as the market looks now, the long term monthly chart below remains compressed like a cocked hammer. To stay sane, got to trade the short term momentum. Could be an upside pop today.