Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
On its own the OI is bullish as it shows new fund selling and commercial and others buying. There could be spreads included in the increase and the scattered EFP postings may be origin selling. As commercials were buying esterday, there was, to a much smaller degree, forward selling. I tend to associate this type of selling with Brazil origin because of the weakness of the Real together with the ICE premium on forward months and the Selic. Discussion on this topic is welcome. Today feels like a buy dip kind of day. As new selling increases by specs so does the inclination to buy spreads increase. USDBRL is 3.6695 +.0166.