Haven’t researched the results versus everything else in the world but $21k per contract on the up and downs, the longs and shorts, in the past 13 months has been fairly steady and rather astounding.
Update: Short from 2/23, 149.95.
(click on the chart for a larger view)
Coffee has been swinging from oversold to overbought and back again on a consistent basis for more than a year.
Last year, January through December, was spectacular with more than a $30,000 gain on margin (current margin requirement is $3,100 per contract). This year not as much but still great –$10k plus so far.
Should be noted that the commodity may be in transition. It appears on a longer term basis coffee has moved from bearish to generally bullish with what appears to be no less than a rounding bottom on the daily chart.
The commodity’s active contract is overbought and can go higher but that trade is on so not worth chasing. The next trade will be a short.
(for a closer look at the swings right click on the chart)
This futures trade just keep perking (up and down).
Note the arrows on the chart below – it truly is a swing traders dream (at least for time being since nothing last forever).
(click on chart for a larger view)