Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI is not as negative as it was yesterday. Volume was light and likely several sectors were involved but systems were still covering while longs liquidated. Today the pattern is repeated as the market is continuing to attempt to move higher stopping right below Nagual’s 5 hour resistance of 125.45. RC closed early for New Year but yesterday’s OI indicates the same behavior as KC. Algos do not operate in that market, imo. USDBRL is unchanged from this morning. Softs are quiet and metals are strong. Happy New Year to all.