Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The change on the OI is not that great significant of new selling and a combination of new buying and short covering. We know that the systems began their day adding to their shorts. The buyers are likely a combination of commercials and specs. JuanV’s sentiments are exactly the same as mine. The inability and anxiety of the longs to liquidate are overbearing for the market. Today we see continued pressure with the buy side not as populated as we would normally see. There has also been forward selling out to Sep18 which can very well be origin. USDBRL is unchanged at 3.2403. Arb is down to 46.64.