Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on June 26, 2019, 9:30 am
Big liquidation in Sep and Dec. Could be spreads but more likely outright. EFP posts were liquidating as well but likely there was short covering and long liquidation also. The shorts are multiple sectors with possible delta shorts who are buying as well. For now, in spite of several weather reports that are emphasizing no threat of frost, the market counties to be steady. Itís tempting to sell but dips have proven to be short lived and shallow. For this COT period, the market is up 10.85 and the total OI down 9,433 lots. USDBRL is 3.8391 -0.0087 (-0.2261%) and USDCOP is 3.8391 -0.0087 (-0.2261%)
Will this market pattern continue until the 4th?