Week comentary – The Arabica coffee maturity Mai/10 ended with 470 points lower on the week working in the range of 735 points

The Arabica coffee maturity Mai/10 ended with 470 points lower on the week working in the range of 735 points, making the minimum at 132,50 and maximum at 139.85, closing quoted at 132.70 on Friday, with 200 points negative. Marked by a May expire options week, the
coffee price acted with high volatility, making early in the week a double top close to the 140,00 strike, which failed to maintain for long.

In sales volume, the grain easily aimed the 100 days moving average at 138.40, which in a break of these levels, strong stops activation was noted up to the 137,50 support, partially consolidated. The negative external indicators pushed somewhat further commodity, which in a
further drop of 200-day moving average (136.70), the new strike was aimed at 135.00, closing on Thursday technically negative.

Today, without counteracting the movements of the previous days, the grain after breaking the 40-day moving average (134.10), tried without much resistance the 132,50 strike, closing at 132.70. Remember that the spread May / Jul volume represented about 30% of the total