Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Normally dots are not traded for two sides when the market goes one sided. But today we almost reached the upper dot at 131.99 and dropped full span deflection to the lower dot and purple cross. It was a huge expansive range as suggested earlier, all done in one session. This officially, to me, opens the door for more two sided trading within the current dot range, which might also narrow down later for a volatility squeeze break in either direction. Today´s high, or even a new high below 132.00 will become an attractive sell point, with minimal risk.