Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Keep eye on sugar
-Still record shorts (interesting ,unlike coffee ,recent upmove off 11 to around 1180 was not the result of managed money short covering but actually looks like new longs..But what do I know
I recently saw a supply report ,by I believe Greenpoint, basically showing a surplus of sugar larger than CO2.
But as usual must wait for a move above 1170 congestion area to get the spark to set off the fireworks!
Obvious question : why should it go up?
Answer: WHY NOT!