Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Steady market for sure. I would think we have a re-test of the 1.30 shortly as the systems , while not aggressive, are buying in spurts.
As of now, we are working on our 5th day of a higher lows. Thinking we have a higher high as well, so I think the 1.31 level I in play here today. First level of resistance, 12965. By breaking above there, we can look towards some
of the early extensions : 13010, 13055.
Speaking for myself, slow going Monday after a nice long Thanksgiving weekend. I am thinking others extended the weekend as well. We may see things pick up as the morning progresses.