AndreasMunz

Still waiting, beware bulls; risk reward not so great

ICEUSA_EOD:KC1!   COFFEE FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Pro Long (Chart):
- RSI and Stochastik created buy signal
- Orange support line

Pro Long (Physical):
- ICE warehouse stocks new lows
- spreads tightening ever so slightly

Contra (Chart):
- still in middle to upper end of trend channel
- room to go in terms of lower Bollinger band
- long term trend still down
- risk/reward for long position not there

IMHO I start looking into selling put spreads out in August or September. For example the U16 110/100 p spread.
Due to the negative put skew, 1x2s also work great IMHO (selling the one buying the 2s are also an interesting idea).
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