Tuesday Forecast
Uptrend scenario
The uptrend may be expected to continue in case the coffee market rises above resistance level 107.70, which will be followed by reaching resistance level 110.
Downtrend scenario
A downtrend will start as soon, as the coffee market drops below support level 105.70, which will be followed by moving down to support level 102.70 - 101.75.
This/Next Week Forecast (November 9 - 13, 2020)
Uptrend scenario
An uptrend will start as soon, as the coffee market rises above resistance level 110, which will be followed by moving up to resistance level 120.
Downtrend scenario
A downtrend will start as soon, as the coffee market drops below support level 102.70, which will be followed by moving down to support level 95.
Previous week coffee price forecast
Fundamental Analysis
The difference between supply and demand shows the fair price at the level $155, but new covid wave and lockdown increasing creating downtrend pressure to $95.
Monthly Forecast
Uptrend scenario
An uptrend will start as soon, as the coffee market rises above resistance level 110, which will be followed by moving up to resistance level 120 and if it keeps on moving up above that level, we may expect the coffee market to reach resistance level 132.
Downtrend scenario
The downtrend may be expected to continue, while the coffee market is trading below resistance level 110, which will be followed by reaching support level 102.70 and 95.00.
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