Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Excellent analysis. One concern for me, at some point, these accumulated longs clearly begin to throw in the towel.
Aside from the fund longs, we have large and small traders still holding long positions and with increased competition from commercials selling the rallies, the reward on the long side seems less appealing to certain groups.
Key support upcoming (1.18) . Scale down buying all across the curve, at this point, merely providing a soft landing. 11880, 11810-11800 key support in the near term.