Coffee Traders' Forum - A Discussion about Coffee Futures Trading


Coffee Traders Discussion Forum

Coffee Traders' Forum

Re: Market
In Response To: Market *PIC* ()

Some strength evolved after a round of early pressure. Perhaps influenced a bit by the currency ??
REAL is strong and we are seeing the US$/Brl : 3.5564, -0.0352 ( -0.98% ). May at least serve to prevent more aggressive intra-day shorts. I know I covered some shorts and reversed long based on this development.
For the most part the market remains quiet, and the 1.20 level seems to be causing a good deal of congestion with 1-2 cents of the strike.
Upside extensions from here :

11987
12013

Downside retrace:
38.10% 11903
50% 11890
61.80% 11877

Trying to remain optimistic,but I get the feeling we drift back into the early range. Hoping I am wrong.
Gt.

Messages In This Thread

Market *PIC*
Re: Market