Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Posted by Tango
on March 9, 2020, 9:43 am
Friday’s OI indicates new vs old, likely fund selling and commercial buying mainly. Robusta increase may mean new fund selling as well but commercial new buying. Today 8:00 brought selling but apparently buying has dominated the market. It is likely large and small traders. At higher prices funds may reverse to buyers. Origin is absent for now in spite of a USDBRL of 4.7707 +0.1438 (+3.11%).
KC Vol Change: J +1.75%, K +0.9%, M +0.7%, N +0.6%, U +0.5%, Z +0.5%