Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The market set the lows at the opening with good buying present. Support has remained since. A steady undertone in the market remains. The depth of market is equally balanced with both buying selling increasing on the way down and up. Friday showed the potential to the upside as well as the eagerness to sell. Hopefully we will get some clue from the COT report later today. The Real remains steady as the USDBRL is at 3.2267 -.0074. All the major currencies are up against the $ and bond futures have turned steady after having dipped. Metals remain strong. Gold is eying the 1300.00 level. Oil is down while equities are slightly higher. Cotton and cocoa are lower while sugar is slightly higher. RC remains pressured with the arb at 48.23 and the JanMar has dropped to a 3 premium.