ICEUS:KC1!   COFFEE C FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
This is an excerpt from the Parallax Weekly premium report originally published July 15, 2019.

"The net-positioning in coffee has surged, and the percentile metric is not suggesting it’s extremely overdone even though the one-year z-score is well above 2.

The problem now is that coffee prices have declined from $116 to $106 with net-longs still in charge. There is uncertainty surrounding frost that effected the Brazilian crop. Contingent on crop damage estimates, record production expectations into 2020 and price/net-positioning divergences, the bearish case for coffee @ 96 is created."
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Thanks!
- The Macro Strategist
I think there is a good entry at around 92
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@Zolchello, Ah, that may be. My coffee range has moved higher but still solidly bearish. For a quick trade, a couple pts north can't complain with.
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