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Cup a JO


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#1 dougie

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Posted 14 April 2019 - 07:14 PM

Anyone buying coffee down in here? On sle for sure and seems risk reward pretty good. Doubt this is the final low...but ya never know



#2 flyers&divers

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Posted 15 April 2019 - 05:37 PM

In 1983, at the time I left the trading floor and the coffee pit at the Coffee, Sugar and Cocoa Exchange (now ICE) the futures C contract - the one JO is based on - was 40-50% higher then now. That should tell us something.

I am super bullish long term on agricultural commodities because of the effects of climate change and population trends and frankly I don't understand how they have not affect the market yet to a grat degree. 

 

Here is a link to a monthly interactive chart from ICE:

http://futures.tradi....com/chart/CF/M

One has to keep an eye on the spreads in the futures. Once they start tightening one will know it's time to build positions.

Seasonals suggest a favorable time window for the next 30 or so days.

http://www.equityclo...seasonal-chart/

 

Regards,

f&d


Edited by flyers&divers, 15 April 2019 - 05:38 PM.

"Successful trading is more about Sun Tzu then Elliott." F&D

#3 flyers&divers

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Posted 15 April 2019 - 06:11 PM

Looking at the weekly chart there is climactic volume and today someone traded an even 700 lots of June 21 puts

most likely to finance calls. This may turn out to be an interesting junction.

 

f&d


"Successful trading is more about Sun Tzu then Elliott." F&D

#4 dougie

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Posted 16 April 2019 - 01:11 AM

thanks for sharing