Saturday, 7 May 2016

Coffee

This week I got a bullish signal for coffee based on the total number of new long contracts opened(8,643) vs total number of old short contracts closed(7,347).In addition to this I got a PCC of -0.99 for this commodity for the last 3 weeks and this means there is a very strong negative correlation between bullish vs bearish sentiment with bullish investors in control of this commodity.As result I expect price of this commodity to rally in the next days/weeks.Check my strategy on my free websites:http://cotreportfreeswingcharts.my-free.website/ and http://futuresandoptions.wix.com/cotswingcharts

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