Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Another high positive change in the OI indicates new buying and new selling. There are elevated EFP postings as well which could be new business on both sides. The market behavior still resembles short covering and long liquidation and the positions added in the OI could be new spreads being placed. Today we saw a slip down to 122.20 but the tone of the market is still steady. Could be Friday mode.