We create and publish training materials and deal with the research of financial and commodity markets and identification of trading opportunities. We create information content in digital electronic form and its subsequent sale. We are not a stockbroker or broker, we are not financial institutions and we are not a financial intermediary.

22.4.21 8:33_Signal update Coffee Long from 19.4. 13:21_TAKE PROFIT


ORIGINAL TEXT: Coffee Long. According to CA analysts’ expectations, coffee prices reached the highest level in the last month, where they stopped at the upper resistance. Profits were collected on Friday. However, we expect that, given the fundamentals still in force, bull traders should find enough strength to break this level. Basically dry conditions in Brazil provided support for coffee prices on Monday after Somar Meteorologia announced that it had rained last week in Minas Gerais, Brazil’s largest Arabian coffee-growing region, just 4.7 mm, or 22% of the historical average. Coffee prices also support supply concerns after Citigroup said last Tuesday that Arabica coffee would have a “significant” production deficit of -7.5 million bales for the 2021/22 growing cycle.


Add comment

Your email address will not be published. Required fields are marked *

Your personal data will only be used for the processing of this comment. Principles of personal data processing