Coffee Weekly Forecast

This/Next Week Forecast (March 8 – 12, 2021)

Uptrend scenario
An uptrend will start as soon, as the market rises above resistance level 134.90, which will be followed by moving up to resistance level 142.30.
Downtrend scenario
The downtrend may be expected to continue, while market is trading below resistance level 132, which will be followed by reaching support level 120 and if it keeps on moving down below that level, we may expect the market to reach support level 111.

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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