Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Flat OI indicates new vs old. We know that systems fund selling is new. There could have been short covering yesterday on the way down. Maybe. EFP volume is decent but it likely has nothing to do with notice period. Today we are dancing around the 127.50 strike but the selling persists with very good buying present all the way down. RC JanMar strengthening at 6 premium. The arb is 48.22. The Real continues to be steady in spite of the strong $. USDBRL is 3.2298 -.0145. Bond futures are quiet but metals are getting hit.