Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thank you guys. Great input Koefenista.
I agree, breaking below the 620-600 level could be problematic in the short term. As you show, for now, its an area of good support.
The market remains on the defensive following yesterdays outside day reversal. We have seen the implications such reversals tend to have on the market. Hoping this time is different.
For now, a heavy market.
Breaking 12610, the door opens for 12500, 12425.
Let's see if we begin to see any reversal by systems. We are almost 5 cents from yesterdays high . 12520 would represent -5 cents from the closing high of 13020.
Cold snowy morning here in the NE. At the moment, the market is "icy" as well.