Coffee Traders' Forum - A Discussion about Coffee Futures Trading

Coffee Traders Discussion Forum

Coffee Traders' Forum

Market *PIC*

A higher opening held and additional buying has emerged. Depth of market is essentially empty on either side of current levels. Buying begins in the low 119.00 area. Systems should still be buyers. In the COT and OI extension we have seen a build up of spec shorts and additional new shorts on the days following the COT. USDBRL is 3.3225 -.0148. Other currencies are mixed and the $ is unchanged. Bonds continue to be flat. Crude is unchanged while NASDAQ is down 37.00. Metals continue to be steady and softs are as well.