Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: Brazil 2021.8
Thanks Tango. One nuance that I think is interesting to note on CoT data is price is outperforming spec involvement. See the scatter plot below. For 2+ years we've basically held the same relationship of spec vs price, and have been repricing above this fit line for a number of weeks now. Expect lots of volatility both ways, especially as aggregate markets are incredibly long, but I agree on buying dips, but a very strong stomach is required.
Message Thread | This response ↓|