Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on August 30, 2019, 9:28 am
The increase in the OI is probably a combination of new spreads on both sides as well as new outright buying and selling on both sides. So it seems that the weakness was not due to pre holiday weekend liquidation but rather new selling by probably large traders. Just guessing because funds are usually consistent and they would have been sellers before yesterday as well as today, and they donít seem to be in it. In any case, whomever it may be, the selling is not present today it seems. The Real was weak yesterday and this could be a factor. Today USDBRL is 4.1392 -0.0293 (-0.7029%)and USDCOP is 3,415.27 -20.73 (-0.6033%), so for this Friday we have returned to a stagnant market.