My last bullish signal for coffee was 2 weeks ago on 28 May 2016.Since then price of coffee went up 13.2%.This week I got a bearish signal for this commodity based on the number of new short contracts opened(2,709) vs number of old long contracts closed(4,836).This means that bearish investors are taking control of price of coffee again.Therefore I expect price of this commodity to drop in the next days/ weeks.Check out my strategy and trackrecord2016 file on my free websites:
http://cotreportfreeswingcharts.my-free.website/ and http://futuresandoptions.wix.com/cotswingcharts
http://cotreportfreeswingcharts.my-free.website/ and http://futuresandoptions.wix.com/cotswingcharts
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