short two more at 139.70 fuck it!
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OJ/ Coffee Random Musings
- Thread starter criveratrading
- Start date
rallies feel weird to me. No bad weather this weekend. Huge brazilian coffee harvest, waning demand. Big coffee carryover, I thinkl some very strong selling will end this rally. I hope i'm right lol!
There was a system over the Yucatan Peninsula, but nothing terrible. On Coffee, a close over 142 and then 142.85 would have me reversing and going long. I agree with you and would play from the short side. I was still unable on my Dec 08 90 puts today.
My view is that the Coffee chart breaks down like the OJ chart did in April.
I would definitely be covering the shorts on Coffee in the 130-132 are though; if we break down from there, sell more on a stop.
My view is that the Coffee chart breaks down like the OJ chart did in April.
I would definitely be covering the shorts on Coffee in the 130-132 are though; if we break down from there, sell more on a stop.
oh yeah i think we see 130-132 it's gonna be very hard fndamentally to hold this rally weather looked good but it can change on a dime you know. I really like your put play im gonna look into those. im also looking at march 09 corn puts 5.00 then just sell a 4.50 to make it close to free. very low risk trade man. i think we had a bunch of sympathy rallies in the softs today. I watched at the end when oil sold so did oj and coffee. you got anything else going on? Oj is weird to me, i think it feels very weak and is gonna drop but i dont think it can go mch lower i will be looking to cover asap either way.
covered 2 at 135.20 and the other two at 134.00 5 grand before 7 am i'm not complaining
looking for a pop to get short more oj rallying again.
]Quote from Shagi:
Coffe is going down to the pits - more like Cotton. Selling pressure will increase around the 130 price zone - yeh i know thats the very same demand area that has been defended for the past 2 months
I havent seen a post from you in a while shagi. I always enjoy your chart analyses it usually is very accurate thanks for that. How do you feel about oj? And I couldnt agree more on coffee im looking to get short here again real soon
ahhh the joys of trying to get out of an illiquid market i.e. OJ haha giving back some of what i made but c'est la vie. Looking to get short coffee at 135.00 pretty heavy selling there.
i chickened out at 135.00 waiting for a little higher