Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on September 18, 2019, 9:27 am
The OI continues to show liquidation on both sides. Likely, it’s long specs selling to funds, but who knows for sure. There may likely have been commercial short covering at lower prices. Today the market is quiet and lacking interest. Yesterday’s liquidation may have resulted in disenchantment for the market. The depth of market does favor the buy side but the market is still and slightly soft. USDBRL is 4.0926 +0.0153 (+0.38%) and USDCOP is 3,376.00 -6.1 (-0.1804%).