Tuesday Forecast
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 124.25, which will be followed by reaching resistance level 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 124.5, which will be followed by moving down to support level 111 and 120 and 115.
This/Next Week Forecast (December 14 – 18, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 115, which will be followed by reaching resistance level 124 and 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 115, which will be followed by moving down to support level 111 and 102.70.
previous week coffee price forecast
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.
Monthly Forecast, December 2020
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 115, which will be followed by reaching resistance level 132.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 115, which will be followed by moving down to support level 101.
previous month forecast
