Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Very narrow range so far. Good volume trading ~ 11915 basis KCN. Another week where the COT is not creating much in terms of Monday morning movement. I think the market now focuses on the approaching FND for May , on Friday.
Some economic data is due out shortly, though again, markets for the most part are on the quiet side. CC is showing some good strength and seems ready to resume its upward trajectory. CT is on either side of unchanged, as last minute rolling continues and the market tries to find its footing. Like CC, I would expect to see CT resume its push higher once the market is no longer distracted with K8 and N8 takes control.
For KC, I would love to begin to see some settlements outside of the recent "box". For KCN, a close above the 20sma would be encouraging if nothing else.
1.381% 11850, 1.618% 11805 (based on Friday's TR) .