Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Yes, very noticeable spike in vol. It has been so depressed and I mentioned I think this would help drive this market higher. I think we are seeing the beginning of turn here.
Watch for a settlement of 12345 , which would break a downtrend we have been in since the start of the year. We again have the daily 8ema on an upward trajectory towards the 20sma. IF we finally get a cross, and confirmation of such,
it would be the first time in a while we had a solid BUY signal.
Intra-day as of now "
Current high of 12315 is basically the 1.381% of yesterdays range(12310).
Early extensions here :