Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The OI reflects mostly systems buying shorts and longs liquidating. But as we see in the COT different groups have been active. Today, weakness has overtaken the market as systems are now adding to the pressure. Nevertheless good buying has been absorbing the selling and preventing a major slide. Buy orders outpace sell orders in the depth of market 4.5:3. Forward buying is not really present. USDBRL is 3.3327, slightly lower for the day. The arb is 47.77.