Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Great post Tango. I agree, it may be something to consider studying in terms of correlation as to certain aspects of the OI / release time.
Very steady market. Current high, 12980. A tick below the level that would be 5 cents above the recent low (12485). I would suspect in /around 1.30 we begin to see system reversal. Although, it already appears we are getting some steady/system like buying upon breaking 12900.
We see higher lows on the daily, higher highs. Expect some buy stops above 13000-13005. A nice Thanksgiving rally on the heels of the FND rally.