Coffee Traders' Forum - A Discussion about Coffee Futures Trading


Coffee Traders Discussion Forum

Coffee Traders' Forum

12380*

Impressive move higher so far this morning . Perhaps the proverbial, Santa Claus rally. KC , while off the highs, is showing gains of +2.45.
As expected, it appears as though we are seeing some systems step up to the plate on the buy side.
One fly in the ointment, the presence of some TAS offers. Net, -398 (-263 H, -135 K).
Would be watching for the market reaction on dips. I suspect some support will appear if the market begins to test intra-day corrective levels.

Downside :
38.10% 12290
50% 12265
61.80% 12240

Gt.