Good Morning Folks
After being relatively unchanged on Monday, December coffee had an outside trading day yesterday, meaning that the high was higher and the low was lower than Monday. Yesterday December closed down 250 points at 1.4840.
Today December is forming a spinning top and is unchanged, but has had a trading range of only 210 points.
Today Vietnam has announced that year to date sales were up 39.8% over last month and August sales were up 9.2%.
I have attached two articles. One article about the Robusta market. The second is a technical analysis of the overall market.
I think that I need a cup of coffee!!!
Have a good day!!