Coffee back above old support (new resistance) at 1.3305? Looks like a break up. Anyone here trading coffee now?
I've been building a long position over the last 2 days I'm looking to start scaling out in the mid 135's. I'm kinda new to the softs but I'm assuming they also have a pretty strong neagtive correlation with the dollar.
yeah I'm new too, but some nice movements I got long today below 1.33 & took the pop upto 1.3435, but bit quick to exit. Though I think we'll pause for breath here or re-test the 1.33 area again..that's my hope anway so I can get back in... Are there any blogs or sites you use to follow funnymentals? My theory is simple - the weather is crap, that'll mess up the harvests for the coffee producers. Plus, I like coffee! Simple methods for simple minds