Coffee Traders Forum
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Posted by Tango
on November 18, 2019, 9:59 am, in reply to "OI/Market
Some resistance present likely by commercials, but there are other sectors as we saw on the COT that so,d strength. The coffee community in general sees the weak Real as a negative but is is so only as long as origin sells which, for the third day, is light. The rains are well advertised but words like, limited, irregular and insufficient continue to be used in forecasts as well. Still, perceptions are as valid as reality in trading but funds are continuing to be a supportive factor. 121 March TAS offered.