Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The graph below shows the difference between the May / 18 contract (KCK18) and the contract-to-view (KCY00). I would like to draw your attention to the funds and tops. In November 2016, at the extreme of high coffee prices, there was a double top and prices failed to break the resistance. And reverted to a bearish cycle. Now in April 2018 at the low end of coffee prices, we are on the verge of testing bottom, where prices may fail to break support. It will be an omen of a price reversal and a new and long cycle of high ?????