Coffee futures are up on the latest short swing 71% on today's close.
From the link:
I have to say, letting these swings run their course has not hurt for years now, and this past year too. At today’s close the daily swings, long and short (mostly short), are up nearly $15,000 per contract (see the white flag on the lower left of the chart below) for the past year. The current margin requirement at TradeStation is $2310 per contract. For much of the year it was higher so it’s too big a pain to precisely figure out what percentage that $15K gain actually is but it is a bit better than 500% for the past 12 months.
For more and the dragonfly chart:
Good luck and good trading.
