Arabica Coffee calendar spread and a VIX calendar spread

Written on 12/03/2024
Darren Carlat

Coffee has climbed nearly 40% in November and has cleanly broken through the top of the upward channel. The candle on Friday looks bearish and indicates that the advance is either over or at least will consolidate over the next few weeks.Coffee beans in canvas sack by Bragin Alexey via Shutterstock