Coffee Traders Forum
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Posted by Tango
on December 27, 2019, 6:56 am
The opening was steady and occasional buying came in throughout the session to perk up prices but resistance remains unchallenged. Yesterday the same behavior was present as it drove prices lower but the total volume was only 14,864 lots. The holidays continue to be a reason for the marketís lack of direction. Activity may increase as we approach the EOY.
The $Index is lower but the BRIC currencies are mixed with the Yuan higher. USDMXN is 18.9182 -0.0128 (-0.0676%), USDCOP is unchanged at 3285.75 and USDBRL which closed at 4.0557 is valued at around 4.0437 on the CME.
Bond futures are higher as are equities. Metals are unchanged and crude is higher. Grains are higher as are all the softs, especially cocoa.