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My view has still not changed. I am expecting a 'Short' trading opportunity here in Live Cattle once its upward move has completed. Before this happens I want to see confirmation that the upward trend is weakening and the reversal is beginning.
Arabica Coffee is beginning to look like a 'Parabolic Rise'. I do expect at some point a very quick and sharp correction.
Fundamentals are looking strong and are supporting the price rise in Coffee. There is a narrative underpinning this move. There is a credible backdrop.
However, be prepared for any price drop which could be larger than normal due to the rise in price we have seen.