CIJNE KAVE NA BURZI U NEW YORK-
SAD - KAVA Trgovačke spot cijene 14. listopada 1996.
Differentials ZADNJA
Santos 4's 1 cent over "C" 116.10 N
Colombian MAMs 24 cts over "C" 139.10 N
El Salvador 8 cts over "C" 123.10 N
Mexican 6 cts over "C" 121.10 N
Guatemala 8 cts over "C" 123.10 N
Peru 6 cts over "C" 121.10 N
Uganda Pmy Robs 4 cts over London 73.03 N
Indonesia EK1 2 cts under London 67.03 N
Ecuador Ext Sup 12 cts under "C" 103.10 N
NEW YORK - KAVA cijene pri zatvaranju burze 14. listopada 1996.
MJE POSLJ OTVA NAJ NAJ ZATVA NAGO
SEC EDNJA RANJE VIŠA NIŽA RANJE DBE
DEC6 115.25 117.00 117.50 113.05 114.80 115.10 1
MAR7 105.80 107.80 108.10 104.00 105.70 106.15 1
MAY7 105.50 107.30 107.50 103.70 105.00 105.10 1
JUL7 104.90 107.30 107.60 103.90 104.90 104.95 1
SEP7 107.50 107.25 107.50 107.50 104.75 104.90 1
DEC7 107.00 105.00 105.50 1
MAR8 107.00 104.50 104.75 1
CSCE coffee zig-zags to lower close, awaits stocks
NEW YORK, Oct 14 (Reuter) - CSCE coffee prices edged lower
Monday amid steady speculative liquidation, but managed to
settle above key support levels, trading sources said.
In what traders said was mainly a technical consolidation
to the market's recent uptrend, speculators liquidated long
positions after spot December failed to pierce resistance at
117.50 cents a lb.
The abrupt midsession selloff briefly dragged the spot
contract to an intraday low of 113.05, but shortcovering and
fresh buying from the roasting sector sprung the market off
its lows by the close.
December fell 1.20 cents on the day to 115.10, after
briefly touching a new six-week high of 117.50.
Second-position March eased 1.50, to 106.15, while the outer
months fell 2.05 to 2.50.
Today's downturn would do little to crimp the coffee's
upside potential, analysts said, noting it was only the second
negative close in the last 10 days.
"It's just a correction," said Merrill Lynch analyst
Judith Ganes. "It's not surprising that you would see some
profit-taking," she added, pointing out that the nearby switch
continued to widen, from 4.15 cents at the beginning of the
month to nearly nine cents today.
Technically, traders said December's close above 114.10
was relatively constructive and could insulate the market from
further stop-loss selling. But December would face solid
resistance at 118.75 cents, a breakout point from late-August,
and again at 120 cents.
Traders would be keeping tabs on key stock figures due out
today and tomorrow. Few expected a large change on CSCE
certified stock figures due out later Monday, but Green Coffee
Association's consumer stock numbers for September could show
a drawdown of between 100,000 and 200,000 bags, they said.
Turnover on the exchange was estimated at a steady 8,509
lots Monday.
151110 MET oct 96
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