Coffee

My latest bearish signal for price of coffee was last week on 11 June 2016 when the number of long contracts closed was 4,836) vs the number of new short contracts opened was 2,709(bearish sentiment).This week the bearish sentiment for coffee got even stronger with the number of old long contracts closed of 11,594(an increase of 239,7%) vs the number of new short contracts opened of 4,924(an increase of 181,8%).In addition,this week I got a PCC = -1 for coffee for the last 3 weeks and this means an extreme divergence between bullish(falling very fast) and bearish (rising very fast) sentiment.Therefore I keep my sentiment very bearish for price of coffee which is expected to fall in the coming days.Check out my strategy and trackrecord2016 file on my free websites:http://cotreportfreeswingcharts.my-free.website/

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