Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The total OI is slightly lower while the May is down 7k. Of course we have May roll into Jul but other spreads have been trading in the forwards as well. Buying of outrights was taking place out to Dec19 and forward. In addition to the May roll it appears that short covering was taking place by specs as momentum funds continued to sell new and longs liquidated. Today the market continues to be steady while stopping slightly above Nagual’s resistance but holding the118.00 area for the most part. MayJul is -1.95 bid and the Real has been on the strong side in spite of the $ strength. USDBRL is 3.3121 -.0164 with a low of around 3.300.