Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Yes, agreed. Chart may form H&S or it may form a descending triangle. In either event it is early to call reversal but it is also true that it has been a long time for coffee to stay so low. In May it often forms a local top just before new beans come to warehouses. So we shall see. On the other hand June-July are a weather risk zone.
I haven't touched coffee for months. Too risky to buy and wait. Too risky to sell and wait as well.
Good comment. Thank you.