Coffee’s ups and downs

Market Pulse: October 15

COT Data

On the weekly chart, we see on the disaggregated COT report that Producers liquidated net shorts going from -27,393 contracts to -23,955 contracts. Managed Money went from 139 contracts net long to -1,401 contracts net short, and Swap Dealers liquidated net longs from 30,832 contracts to 28,445 contracts. If we continue to see this week to week, coffee prices will continue to drop. 

If you need help understanding how to understand how to use the NEW COT report to your benefit get instant access to my new e-book "What Lies Beneath ALL Trends". It is filled with eye opening information.Commercial Net Tracker instructions: This form tracks the Commitment of Traders (COT) data for the commodity futures market. This form "looks" at the most recent five weeks of COT data and provides visual indications of the data. A) If the current value is at a 12-month low, the cell will display a red/burgundy background. B) If the current value is at a 12-month high, the cell will display a green background. C) If the current value went from net negative to net positive, the cell will display a blue background (indicating a bullish condition). D) If the current value is both a 12-month high and also went from a net negative to a net positive, the background will be green. You should view the data with green backgrounds to determine if they also went from net negative to net positive.

Proceed to Page 3 for this week's detailed fundementals...

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