Hello my friends
the daily chart of this market shows with a strong probability that it will experience a downward trend with the consideration at the same time of reversal
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The continuing falling almost reaches the ultimate support zone near 90. One more movement is missing so I would like to see a decline around 90 after the sideways correction.
But the 80 - 90 will be strong support!
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Fundamentally , Despite the brazil "Real" currency's historic low value and Covid-19, Coffee's supply is expected to be reduced while the demand is expected to rise.
Simply put, we are running short of Coffee!
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Technically , the Multiyear down trendline has broken, and currently, coffee price is rising with up trendline support!
