SIGNAL TERMINATION – COFFEE LONG – TAKE PROFIT
ORIGINAL TEXT: Coffee Long. Looking at the current chart with Arabica coffee, the uptrend can be expected to continue. The market is trading above support level 120, which should be followed by the achievement of resistance level 132. The fundamentals for this assumption represent weaker production in Vietnam and especially in Brazil, where this year’s production could fall to a 12-year low, according to CONAD.