Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Steady tone to the market right now. I anticipate some layering of buy stops as the market methodically works higher.
First area , above 12250. I agree, as we get near the 12350 ballpark, we could see further buy stops/and or systematic buying creep into the market.
Right now, I would say COT is giving us a push higher. Also, keep in mind we had some other positives as well -- GCA stocks, USDA (IMO) is also somewhat supportive.