Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI continues to show short covering and long liquidation. It is interesting how often the market reacts as soon as the OI is released. A study may be worth doing. The systems do not appear as sellers neither in the OI nor in the market, especially today. The market is now trying to break through the 129.00. Theoretically systems should be buyers at the 130.00 area. Not much has changed in other markets with the exception of reversal to the upside in bond futures. DX is weak and metals are steady. RC had a large EFP posting which seems to have increased the OI. There is no clue for that market’s weakness to me. The arb is emphasizing the relative weakness to KC as it is now at 48.20.