Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Several markets turned. Oil dropped sharply. Metals and bond futures are strong and the $ got week. Of course the systems turned buyers where Juan and myself thought they would. The market remains steady in the low 130.00. I think that from this point on buying dips is in order. Large bids are being advertised in Dec but are cancelled when the market approaches them. TAS is unremarkable with a little selling. Arb is 40.11 and NovJan RC is weakening at 26 premium. Real strengthened as BRL is now 3.1607 + .0067. Curious what techs think here.