— The God of Trading (@TheGodOfTrading) October 2, 2017
The current coffee swing, which is short, is up $2,568 per contract at today’s close. The margin requirement is $2,970 per contract.
Would like to see at least some additional weakness on tomorrow’s open to lock in another 100% gain the margin. If it doesn’t happen there is a good chance coffee will reverse to a long swing at tomorrow’s close. This is likely, at this point, on both counts so tomorrow’s a key day for coffee trades.
I last wrote about this here on September 13th:
The swing rhythm observed in that post has obviously continued (see the chart below).