Sales at the end of the session does coffee have further losses in the ICE

Sales at the end of the session does coffee have further losses in the ICE



The Arabica coffee futures contracts traded on ICE Futures U.S. closed on Monday with further losses. The day was characterized by some slight gains and losses also to a lesser degree. When all headed for a conclusion within a range not too broad, a new wave of selling was triggered, and to overcome the minimum in the morning at 258.05, more forceful losses were verified, broadening even more the negative scenario starts over the last day in U.S. exchange. The rolls were also quite position prevailing on the day, especially in the range in May and July.

Operators argued that the potential buyer in New York remains remarkably low. This could be seen on the day when the opening could be placed above the psychological level of 260.00 cents, but the support that level could not take place, making room for the bearishs (bass) returned to set new sales orders, something which was expanded shortly before leaving the terminal to receive bids. Technically, your coffee is positioned below the recent moving averages, which gives room for the bass remain active. On the other hand, the fundamental backdrop remains positive, supported by the short supply and also in international stocks at levels that are considerably lower. At the close of day, in May fell 385 points, to 256.05 cents a pound, being the maximum and minimum in 261.00 255.65 cents per pound, with July having a negative swing of 395 points, with 258.70 cents a pound, being the maximum and minimum in 263.50 258.30 cents per pound. Euronext / Liffe in London, the position in May had a loss of $ 82, with $ 2,339 per tonne, while July recorded depreciation of $ 34, with $ 2,308 per tonne.

According to international analysts, the day was marked by the rolls, and by considerable stability, which was suddenly broken with some settlements stronger later in the day, with some operators indicating that a large fund would have been responsible for an order to sell more significant forcing, thereby casualties. "We are approaching a psychological level, at 250.00 cents. If you do not have a reaction, it is possible that the lower curve is accentuated even more and then we can considerably extend this negative picture," said one trader. Despite recent declines, the market managed to accumulate a high of 9.8% during quarter. "Some operators are concerned about a possible decrease in demand at these prices high. But on the other hand, we are working with the view that Brazil's crop will be able to ease prices so strong," said Fain Shaffer, president of Infinity Trading Corporation.

Overseas sales of coffee from El Salvador totaled 1.54 million bags in April 1, more than double the same period last year, said the Salvadoran Coffee Council during the 2009/2010 El Salvador sold 732,167 bags to the first day of April. Revenues from sales of the season totaled 393 million U.S. dollars against 139 million dollars last year. Of total sales, 630,200 bags have already been shipped, with the main destination being Germany. The stock certificates for coffee in New York Stock Exchange fell by 1,390 bags, going to 1,570,076.

The volume traded on the ICE Futures U.S. was estimated at 24,882 lots, with options with 5304 calls and 5578 puts Technically, in May on ICE Futures U.S. has a resistance at 261.00, 261.50, 262.00, 262, 50, 262.90 to 263.00, 263.50, 264.00, 264.50 and 264.90 to 265.00 cents a pound, with the support at 255.65, 255.50, 255, 10 to 255.00, 245.50, 254.00, 253.50, 253.00, 252.50 and 252.00 cents per pound. rascunho