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TFC Commodity Trading Forum

Re: covfefe... *PIC*
In Response To: Re: covfefe... *PIC* ()

Interesting pop in covfefe yesterday. It was 90 days from the highest high day at 127.5. Whether or not there is continuation of the pop remains to be seen but it's interesting none the less.

Gaps ten to be filled before a move goes on. Not always but tends to. One might reasonable expect the gap to be filled in short order. One problem with that...this is March contract and it is set to expire soon...which might be the cause of the pop.

At any rate...the 95.625 was reached as talked about in the previous post. Admittedly, the call was not much pumkin because price was in a strong down move, however the price 94.625 seems to have been a good marker even though slightly broken. Yesterdays pop made it a move around that point. Went below and popped back above.

Near extinction of contract months precludes much useful study, so on to the next contract month.