Coffee Traders' Forum - A Discussion about Coffee Futures Trading

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Coffee Traders' Forum

Oi/Market *PIC*

The total OI is sharply unchanged in spite of the large reduction in May. The implication is that there is new selling going to buying but very likely all sectors are involved to a fair degree. Most of the focus continues to be on spreads but also in options. Long puts have been buying below 117.50 and the shorts are likely sellers. But the sad fact is that nothing is impacting market movement much and is remaining heavy with pockets of stops and very good mostly commercial buying. For the COT period which ended with this OI the market is up .85 with a total change of OI of -4,613. USDBRL is 3.4167 +.0080