Coffee Futures fall today below 100, to 97.25, not seen since 2006. Producers, according to the CFTC COT reports, are net long some 80,000 contracts, an all-time high. These extremes in positioning are accurate contrarian signals, presenting a opportunity to bet on a rebound in future coffee prices over the next 6 month.
COT is potential energy. A trend change is the actual signal. Too early to buy, needs some sort of short-term resistance/downtrend parameter breach, be it MA's, former support turned resistance, trendlines, or weekly MACD crossover. Trend followers will continue to pile into profitable positions
UnknownUnicorn1300833
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Absolutely bang on correct, in from here, 100% target over 1 year