Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thanks as always Tango.
Really nothing too new or exciting here. Consolidation continues. Another false upside break as evidenced last week. And the implications of the outside day reversal continued here this morning. Friday's activity, proving just to be corrective .
For now, I would look at 12675 as the next area to watch. Right now, KCH is visiting the 1.381% level of yesterdays TR (12725). Seems as though we may drift between strikes (12750-12500) ahead of Friday's OE. Further downside support should show up in the area of 12575-12560.
Really an uninspiring market right now. Not much else to add at this time.