Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Bearish signals mounting.
As already said, my take on the explosive increase of managed money shorts should be not seen as bullish force since it shows nothing different than determination and confidence regarding lower prices ahead.
IMO today's OI report confirms that. Fresh selling in a down day.
Better scenario is a dead cat bounce, to 1,30 due puts expiration tomorrow.