N.J. DOUEK
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Morgan Stanley Coffee Report

2/24/2017

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Downright lethargic trading on both sides of the pond with London trading a $20 inside session and New York lacking the momentum to trade a 5th day of  higher high’s.  New York traded its lowest volume of the year, as traders struggle to find a reason to believe in a midrange market, while consensus appears divided over whether the next 5 cent move is higher or lower.  The most logical catalysts for the discretionary trader to take action  go wanting, as uncertainty and confusion swirls about the Robusta re-importation saga, precipitation is slated to return to Brazil’s coffee belt and the real holds steady in a firmer range.  Technically New York flirts with the 15315, 100 day moving average, and while the MACD  crossed positive 2 days ago, it has failed to attract upside momentum.  For those interested in statistics a footnote…. the 2 year average gross commercial long position is 82,673 lots vs. last week’s position of 60,581 lots.  The gross commercial short 2 year average is 117,862 vs last week’s position of 116,930 lots while the 4 year averages are 69,116 and 112,443 lots respectively.  Here’s hoping for a break from the tedium!
 
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Website: www.njdouek.com E-mail: info@njdouek.com
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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