Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Again as the OI is released the market reacts. Today it is reacting positively and for good reason. We know that the systems buying is a negative to the OI. And so, an unchanged OI indicates short selling. Although long liquidation was seen in the previous OI, it was not the case yesterday. The market continues to have a steady tone in spite of the selling, new and old, that rising prices are attracting. Depth of market selling is fairly thin until 124.00 +. RC is keeping pace with KC at 42.98. USDBRL is around 3.2925 and quiet.