Good morning and Happy Wednesday,
I think it’s fair to say few could have expected yesterday’s price action, a violent downturn was observed across the board in Commodities, and Coffee felt the brunt of the pain – dropping 4 cents in 10 seconds. A mighty recovery followed though, and we closed the session relatively unscathed with a settlement of 130.45 (-0.30) in the March contract. The chart below (overlaid commodity basket) shows the extent of the damage that hit in such a short time frame). Gold was the only contract that went the other way whilst everything else was getting smacked.
Write something about yourself. No need to be fancy, just an overview.