Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Hi Nagual. Thank you for your post. It does feel that the market has more to go on the downside. However all the sellers that showed themselves in the COT report, and after, we are now seeing as buyers. The sellers are programmed and will sell methodically but the buyers I think will be hungrier, especially with winter on their minds. I don’t predict targets but it seems to me that there will be good buying as we already see. To me sticking with the commercials has been a sure win. I think that at some point near current levels is a good place to start going long. The commercials continue capitalizing on the system funds. It has been the only game in town, except maybe for spreads.