Tuesday 20 March 2012

London (Robusta) Coffee open interest - March 13th

The trend established last week has continued - yesterday's figures show Commercials going short, at nett - 5894 from - 17 (and previously long). Their longs were unchanged, but they added to shorts (now holding 61.6% of the total open short position). 'Others' added to longs, and reduced shorts, while Small Specs reduced both longs and shorts, with little net change. 'On balance figures' (which nett out): Commercials minus 10.1 (from square), Others plus 11.8 (from plus 1.5), and Small Specs minus 1.7 (from minus 1.5). Should lead to lower prices in due course ...

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