Coffee Traders' Forum - A Discussion about Coffee Futures Trading


Coffee Traders Discussion Forum

Coffee Traders' Forum

Re: Open Interest: NY KC Tug Of War

Phil,

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.

GT

Messages In This Thread

Open Interest: NY KC Tug Of War
Re: Open Interest: NY KC Tug Of War
Re: Open Interest: NY KC Tug Of War