Open outcry price forecast for Cofffee_September 2015
Open outcry price for coffee 2015 has been increased around 3.24% and has broken our key level at 134.50 to reach the upper line of demand zone at 147.00. In case this level will be broken, then a target price to reach until mid of September 2015 will be around at 167.20.
A strong zone of demand between 120.00-146.00 cent/lb have been supported since 2013 up to now, triggering that level the coffee price will be led to the upward side due to our EMA 200 and 50 for D1.