Coffee Brew

Coffee back above old support (new resistance) at 1.3305?
Looks like a break up.

Anyone here trading coffee now?
 
I've been building a long position over the last 2 days I'm looking to start scaling out in the mid 135's. I'm kinda new to the softs but I'm assuming they also have a pretty strong neagtive correlation with the dollar.
 
Quote from riskaddict:

I've been building a long position over the last 2 days I'm looking to start scaling out in the mid 135's. I'm kinda new to the softs but I'm assuming they also have a pretty strong neagtive correlation with the dollar.
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yeah I'm new too, but some nice movements
I got long today below 1.33 & took the pop upto 1.3435, but bit quick to exit. Though I think we'll pause for breath here or re-test the 1.33 area again..that's my hope anway so I can get back in...

Are there any blogs or sites you use to follow funnymentals?

My theory is simple - the weather is crap, that'll mess up the harvests for the coffee producers.
Plus, I like coffee!

Simple methods for simple minds :)
 
Quote from BoyPlunger:

i agree. long 138.50. general commodities getting a bounce here across the board.
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ugh that was ugly. have to get out at 1.3095. one of my worst trades in a while.
 
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