Coffee Thursday Forecast

Thursday Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 110, which will be followed by moving up to resistance level 112.90.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 110, which will be followed by reaching support level 104.90.

Chart Coffee This/Next Week Forecast, Technical Analysis

previous forecast

This/Next Week Forecast (November  9 – 13, 2020)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 110, which will be followed by moving up to resistance level 120.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 102.70, which will be followed by moving down to support level 95.

Chart Coffee This/Next Week Forecast, Technical Analysis

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

Fundamental Analysis

Difference between supply and demand shows fair price at the level $155, but new covid wave and lockdown increasing creating downtrend pressure to $95.

Coffee Futures Market Fundamental Analysis Warehouse Ending Stocks And Inventory

Monthly Forecast

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 110, which will be followed by moving up to resistance level 120 and if it keeps on moving up above that level, we may expect the market to reach resistance level 132.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 110, which will be followed by reaching support level 102.70 and 95.00.

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

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