Spot the main coffee trends.
Key support levels getting tested - may turn key resistance level soon.
Trend is your friend till it ends.
Will wait for a weekly close below key level of 160 before making a move. Trade safe.
Key factors to consider:
- Weakening real
- strengthening USD
- Inelastic nature of coffee demand
May your trades work with you.
Key support levels getting tested - may turn key resistance level soon.
Trend is your friend till it ends.
Will wait for a weekly close below key level of 160 before making a move. Trade safe.
Key factors to consider:
- Weakening real
- strengthening USD
- Inelastic nature of coffee demand
May your trades work with you.