I have just closed out a +8% trade and I am going long again.
The initial fundamentals where:
Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
The initial fundamentals where:
- Brazillian drought
- US-China trade war increasing agriculture exports out of Brazil
- Weak $BRLUSD
Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
Trade chiuso: stop raggiunto:
On to the next trade!