Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: kcn21 Daily Fork
Well, as long as the market keeps closing above 14000,I think we could do very well in May.Fundamentally, May is really bullish until the 3rd week and a high weekly cyle is due within weeks ending May 7th-14th. But if any spooky news come out of Brazil with cold spells or something like that, this cyle could produce a RIGHT TRANSLATION or even an INVERSION OF CYCLES and the market could go much higher than 17000.
In order for the market to really change trends it needs to overcome 12250 and 10820, which are very far from now.
If within the rest of this month, it breaks above 15540, we most likely see the 16000īs, without any spooky news on cold fronts.