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Re: Arabica and Robusta COT Report
Hi Player. I donít usually have price projections. I try to go with the flow mostly. The COT reports are on the friendly side simply because funds are building short positions in KC and possibly covering in RC. The open questions are: what is the determination of the funds to continue selling? Even if they cover, what upside resistance will be provided by longs, considering the bearish fundamentals. Cold weather may be a catalyst for an upward move but, as we know, frost is always more hype than reality. The bottom line is not the fund selling but fundamentals, imo.