Sunday, 11 March 2012

London (Robusta) Coffee open interest

Will be watching tomorrow's stats with interest - Commercials (based on last week's figures) had reduced their longs considerably , with their nett positions down to +13188 from +18713 the week before, and their nett (based on percantage of the total) down to plus 17.3, from 23.7 previously. If this continues, we should be looking for declining prices ....
(Small specs are slightly long overall at present, but they've been swinging either side of zero for some time now - probably not a major factor, even though they hold over 12% of the total O/I, compared to just over 7% in London Cocoa)
[Note: figures are not published until Monday/s]

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