Video

#SaxoStrats
Today's edition of the Saxo Morning Call features the SaxoStrats team discussing the continuing weakness of the US dollar as commodity prices recover ground and in the wake of key US equity indices hitting all-time highs Thursday.
Medium term
/
Sell
Trade view / 01 November 2017 at 13:49 GMT

UPDATE: Arabica coffee trade stops out — #SaxoStrats

Head of Commodity Strategy / Saxo Bank
Denmark
Instrument: KCZ7
Price target: 132.5 & 138
Market price: 122.16
SaxoStrats










Our long trade in Arabica coffee (KCZ7 or COFFEENYDEC17) has stopped out with technical selling below 124.25 and focus on a robust Vietnamese harvest doing some additional damage to the price. 

— Edited by Michael McKenna

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2y
Morten Olby Morten Olby
I noticed earlier Ole but very good style that you informed about this. Keep up the good work and thanks for the trading tip.
2y
peter peter
Will you reopen long position?
2y
Bluesboy2 Bluesboy2
Roared back last night.
2y
Morten Olby Morten Olby
What now Ole, did you call the trade off to early? Roared back to 126 yesterday.
2y
Ole Hansen Ole Hansen
Hi Morten. In hindsight the stop was placed too close but as I mentioned in the trade idea this was a counter trend idea with a high risk of failure. The fact remains that funds hold a record short and the rejection of Wednesdays move could attract short-covering if it manage to break the recent highs above $1.28

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