Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on September 10, 2019, 9:31 am
The OI is surprisingly up as short covering was anticipated but instead we have seemingly new longs and new shorts. Likely, commercials were buyers as prices dropped but also likely specs bought and sold on the way up. The strength continues today in the same style as yesterday where the market bounced from its weakness. It is now deciding whether to continue higher. Oct options which expire Friday. USDBRL is 4.0927 -0.0016 (-0.0391%) and USDCOP is 3,375.21 +6.51 (+0.19%). Mkt is steady but offers are piling.