Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI increase indicates the continued selling by systems and seemingly other specs while commercial and different specs seem to be buying. For the last two days the market seems to want to go higher but the selling appears to be more consistent than the buying. The area between 128.00 and 127.50 has been filled with bids that continue on down. For the last day of the month this market, as other markets, is quiet. BRL is 3.1663 -.0160. Worth noting that the arb is down to 38.63 indicating a stronger RC. The NovJan spread has also firmed to 13 premium.