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Arabica and Robusta COT Repot
Posted by Tango
on April 19, 2022, 10:14 am
In viewing the COT report, we see commercial selling and fund buying, part of which is related to option expitatoion and part due to the current futures activity. The swap dealer activity could be either institutional or commercial while the selling by large traders is likely delta related as market makers bought the prevailing strength and were called on expiration. The days that followed showed weakness. There was forward selling but itís difficult to accept origin as the Real has been so strong and ICE forwards are at a deep discount.
As priced dropped,the market found support at 220.00 and higher, rallying a couple of times. This may be a place for commercial support but in reality what are the prospects for a sustained rally at the present. We may consider the possibility of an unfavorable winter but for now prices are soft.