Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The market is spending a lot of time in the low 122.00 area. Got long here a little. There's a lot of support and to me it's strange that rebalancing is not impacting. Trade needs to cover what they're selling to index, maybe. Forward buying is present and making spreads weaker. As still offer but trading. Will turn to buyers by the end of day as usual.