Coffee Thursday Forecast

Thursday Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 135, which will be followed by moving up to resistance level 140.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 131, which will be followed by moving down to support level 126.

Chart Coffee This/Next Week Forecast, Technical Analysis

This/Next Week Forecast (March 1 – 5, 2021)

Uptrend scenario
For uptrend scenario look monthly forecast.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 131, which will be followed by moving down to support level 120.

Chart Coffee This/Next Week Forecast, Technical Analysis

previous week forecast
Chart Coffee This/Next Week Forecast, Technical Analysis

Fundamental Analysis

Difference between supply and demand shows fair price at the level $120.

Coffee Futures Market Fundamental Analysis Warehouse Ending Stocks And Inventory

Monthly Forecast, March 2021

Uptrend scenario
The uptrend may be expected to continue in case the market rises above resistance level 142.3, which will be followed by reaching resistance level 153.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 131, which will be followed by moving down to support level 120 and if it keeps on moving down below that level, we may expect the market to reach support level 111 and 102.

Chart Coffee Forecast 2020, Long-term Outlook, Technical Analysis

previous month forecast

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