This/Next Week Forecast (October 5 – 9, 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 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 in case the market drops below support level 104, which will be followed by reaching support level 95.
previous week coffee price forecast
Fundamental Analysis
Difference between supply and demand showing fair price at the level $155.
Long-Term Forecast
(Quarter III: July – September, 2020)
Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 119, which will be followed by moving up to resistance level 132 – 140.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 119, which will be followed by reaching support level 95 – 89.
