Coffee Weekly Forecast

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.

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, 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.

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

previous month forecast

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