Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Market and Certified
Posted by Tango
on November 18, 2020, 9:27 am
The market continues to be steady. The OI is down 9,168 lots indicating short covering and long liquidation liquidation including Dec rolling as funds buy and commercials and other longs sell. The Dec OI has dwindled to 7,595 lots and is quickly becoming irrelevant. Algos are the buyers and programmed to buy consistently and in a timed manner. The sellers are certainly present as we see but are inconsistent and when it ceases temporarily, prices rise. USDBRL is 5.3018 -0.0263 (-0.4936%) and USDCOP is 3,654.99 +12.49 (+0.34%).
Certified stocks continue to show that Brazil is loading up the warehouses.