Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on October 11, 2019, 9:38 am
The OI has dramatically increased obviously due to a combination of new spreads being sold to new buyers as well as new outright selling to new buying. Likely, selling is coming from a spec sector in both spreads and outrights while the buying is commercial and market makers. The Dec OI has increased with 20 days before Nov and less days left before rolling season. Certified stocks continue to drop, including the Honduras origin. Is this a buying opportunity in spreads?
Today we continue to see selling but the 92.50 strike is proving to be a support general area. USDBRL is 4.1144 +0.0055 (+0.13%) but there is no evident forward selling. USDCOP is 3,442.01 -15.48 (-0.4477%)