Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
We again have a quiet but steady market. The depth of market favors the sell side slightly more than the buy side within a penny on either side. Buying is expected from systems at 8:00. The latest OI showed that systems were the likely buyers as longs pushed prices down on Friday rendering a negative OI. RC begins the week with rhe arb at 43.94 and the JanMar at -2. USDBRL is -.0066 at 3.3054 after a strong day for the Real yesterday benefiting from the weaker $. All currencies except the ¥ are higher today. Bond futures rallied overnight and continue to be steady and metals continue to show strength. Oil is down and equities are a shade higher. Cocoa and sugar are higher while cotton is lower.