Coffee Traders' Forum - A Discussion about Coffee Futures Trading

Coffee Traders Discussion Forum

Coffee Traders' Forum

OI/Market *PIC*

After Friday’s price fluctuations it’s a fair guess that different sectors were involved. The net of the OI change shows short covering and long liquidation. Today the market is showing a will to move higher with quite a bit of resistance. Systems are likely short covering while longs are providing selling. The RC arb was close to 50.00 when kc made new highs and is now 48.62. The $ remains weak lending strength to the Real. USDBRL is 3.2177 -.0164. Meatsls are very steady as gold is itching to break 1300.00