Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Continued liquidation in Sep is obvious as a result of Sep rolling, EFP and outright trading. It is impossible to see who the players are but selling increased as momentum increased on the way down. Today the market has been generally steady and it is also difficult to see if systems are buyers or not but someone is buying consistently and methodically. The Real is a tiny bit steady as BRL is 3.1693 -.0072. The arb has dropped to 43.90 indicating a stronger RC. DX is down for the day.