This morning December coffee is up again. The market now is at 1.6020 up 230 points. On September 22nd the market hit a high of 1.6090, but retreated to close at 1.5525. it continued down until October 6th when it closed at 1.4640. so in the past 19 days the market has gone up about 1400 points after retreating an equal amount. The trend is upwards, but the market continuously takes dips to get there.
The Dollar is up, but so is the Brazilian Real. Therefore, currency has little to do with market movement.
I have attached a report from Morgan Stanley and a report that shows how the longs and shorts have changed over the past few months