Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Correct, But Timing & Accuracy of the 21/22 Arabica Crop Forecast Still Looming
The 21/22 Arabica crop shortfall in Brazil, still not fully priced into the market, but Robusta year end selling in Nam and aggressive 20/21 producer selling in Brazil along with record exports keeping a lid on the market for now.
90 minute upside volume spike on Friday. The best entry and exit tool in the industry.
Gap at $1.21 area in March, 7 cents lower.
Negative divergence on 90 minute, daily and weekly.
Would not rule out a correction.