Posted by MexicoJack
on January 19, 2021, 2:24 am, in reply to "Re: The real debate, discussing the big problem."
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.
- Tango January 19, 2021, 7:46 pm