Posted by racerick on 18th of Nov 2022 at 06:26 am
Coffee down another 7% in futures this am, but looks like
bouncing a little off 150ish level. Has pretty good support around
150 level. JO may be worth a shot in here since near 200ma as
Timebandit pointed out below
Posted by racerick on 18th of Nov 2022 at 08:15 am
This from Barchart - Losses in arabica accelerated Thursday
after the Brazilian real (^USDBRL) tumbled to a 10-month low
against the dollar. The weaker real encourages export selling
from Brazil's coffee producers.
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Coffee down another 7% in
Posted by racerick on 18th of Nov 2022 at 06:26 am
Coffee down another 7% in futures this am, but looks like bouncing a little off 150ish level. Has pretty good support around 150 level. JO may be worth a shot in here since near 200ma as Timebandit pointed out below
Wow. I haven't had time
Posted by steve on 18th of Nov 2022 at 07:34 am
Wow. I haven't had time to investigate the forces driving this move lower
This from Barchart - Losses
Posted by racerick on 18th of Nov 2022 at 08:15 am
This from Barchart - Losses in arabica accelerated Thursday after the Brazilian real (^USDBRL) tumbled to a 10-month low against the dollar. The weaker real encourages export selling from Brazil's coffee producers.