Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
So be it. Don't hate the weatherman for reporting he impending storm. Like the weatherman reading the models, Tango and others (myself included) are simply reading what the models (in this case analysts, reporters) are showing.
I am very confused why certain bulls view objectivity as bad. I would love for the price to move higher, but the reality is we are in a down-trending TR for over 1 year. Not saying it remains so, but throughout this period, blind bulls have been issuing warning signs. At some point we will move higher, but the reality is Warren Buffet would be buying here because the price allows him to do so. And it has allowed he and anyone else the chance to buy these levels for at least the last 6 months.
I agree, funds remain dangerously short, but even as I post, the current price is on their side.
Good trading all.