Good Afternoon
Today December coffee closed down 415 points at 1.4310. This close was a dramatic reversal after going up about 900 points in the five days.
At 12:30 for a 5 minute period the volume was over 2,200 lots. Normally the volume during a five minute period is about 150 lots. During this period December dropped 185 points to 1.4295. This move is interesting in three ways. It was based on big volume, the attached report is bullish on Robustas and there was no major change in relationship of Dollar and Real
