London has positive session and decreases negative pressure of the week
Robust coffee futures traded on Euronext / Liffe ended Friday experiencing gains, allowing at least the November position to rise above $ 1,950 per tonne, London again diverged from the arabics in New York, which returned to retreat. The volume traded throughout the day was regular.
According to international analysts, the day was characterized by speculative acquisitions. During the session, some more significant gains were identified, but the progress at the end of the work was only regular. The opening of the day's jobs in the British marketing house took place with retraction. The sellers, however, were restrained and the minimum was not more than $ 1,943. Little by little, the buyers were consistent and the advances appeared. The maximum reached the mark of 1,986 dollars, but, from that level, some decelerations were identified.
"The robusta market had a downward pressure on the week, with a loss of 2.89% in November. We were hit in large part by the behavior of arabica in New York. weakness for the terminal to seek a more effective recovery, even without a counterpart in the fundamental field, "a trader said.
November had a day-to-day turnover of 7.37 million contracts, compared with 5,281 in January. The spread between the November and January positions was $ 24.
At the end of the day, November advanced at $ 19, at $ 1,968 a ton, with the January gain of $ 16, at $ 1,944 per ton.
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