IanSinclaire

COFFEE (Continuation) LONG - Update; Just a USD/Real Short ...

Long
ICEUS:KC1!   COFFEE C® FUTURES
... and nothing more.
Coffee remains a pure currency play on the USD/Real. - And with the Central Bank of Brazil hiking rates faster than any other central bank , this is mostly a one-way trade going into the seasonal peak.
Fundamentally, there is no evidence (0, zilch, nada) that there would be any supply issues at present - despite popular misconceptions to the contrary.
Trade closed: target reached: +34.00 pts.
FLAT - for now.
Trade active: SHORT