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Morgan Stanley coffee report - July 24

7/27/2020

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Arabica closed the week 108.40, +90, wiping out early weakness.  The weak USD was a boon, and while KC has shifted into heavily overbought territory on the oscillators, aggressive selling has yet to appear.  On a weekly basis prices appear to have made a convincing breakout, posting the highest weekly close since May 8th on both the KCU & KC2 charts.  Volume was strong again, a second consecutive day of high turnover inside a relatively tight range for the size.  U/Z again disappointed, weakening 10 points to -2.90, while the rest of the curve tightened, Z/Z in to -6.20.  Robusta gained $8, closing the week 1358, the highest weekly settle on the continuation chart since January 3rd.  Funds covered an astounding 15,584 gross shorts in London, the second largest 1 week change on record.
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  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • Our History
  • About N J Douek
    • Some of our services
    • Meet some of our team
    • Our Cupping Room/Offices
  • Coffee Commentaries
  • Price charts
  • Contact Us
  • Accueil
  • Useful Info
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • Notre histoire
  • À propos de N J Douek
    • Certains de nos Services
    • Rencontrez notre equipe
    • Notre labo et bureaux
  • Nous contacter
  • Informations Utiles
  • Chartes de prix