Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
I had a negative bias early this morning. Traded the short side for mostly some scratching. I have since gone LONG. How long I hold these, I do not know. But I go back to my early morning thoughts.
Days like this offer the potential for the outside day reversal. For now, we see KCK struggling to overcome unchanged. Not surprising, the market has been a struggle higher in general (save last Thursdays move to the upside).
Some divergence showing up (60 min). I think if this is to be able to produce a better organized spike, we need to push beyond 12150. Then I would look for 12220, 12290 as potential targets here.
Cautiously optimistic for the time being. No TAS worth noting at this time.