Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Very true JuanV. Not all funds are created equal for sure. I agree that today is a reaction to the COT but we saw the writing at the wall when thousands of lots exchanged at the highs last week. Repeatedly, we see the magnitude of selling as indicators of an unhealthy rally. Will 120.00 be a support level? It continues to feel weak but the market tends to linger around the striking prices prior to option expiration. Good scale down buying is present but we’ll see what happens below 119.80. All long term projections are valid of course but trading isn’t about longer term targets. I’ll join those rides as they occur.