Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Unchanged was the high so far this morning. It is now at the low of the morning’s narrow range. Although the market is too still to get a sense of direction the tone continues to be a steady one. The systems are expected to enter the market as buyers. There is good support in the immediate area and selling begins above the 124.50 price. RC is 45.21 under KC. USDBRL is 3.3050 -.0100. Bond futures are slightly lower and quiet but all major currencies are up against the $ providing additional strength to an already steady metals market. Crude is holding below the 60.00 price and equities are higher this morning. All softs are higher to some degree.