Coffee Weekly Forecast

This/Next Week Forecast (October 12 – 16, 2020)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 108.5, which will be followed by reaching resistance level 114.4 and 120.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 108.5, which will be followed by moving down to support level 104 and if it keeps on moving down below that level, we may expect the market to reach 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 showing fair price at the level $155.

Coffee Futures Market Fundamental Analysis Warehouse Ending Stocks And Inventory

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.

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

share article

Share on facebook
Share on twitter
Share on linkedin

follow updates

free subscription to forecasts