Weekly Forecast (August 17 - 21)
Uptrend scenario
An uptrend will start as soon, as the coffee market rises above resistance level 119, which will be followed by moving up to resistance level 132.
Downtrend scenario
The downtrend may be expected to continue, while the coffee market is trading below resistance level 119, which will be followed by reaching support levels 109, 104 and 95.
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Previous week forecast chart
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Long-Term Forecast (Quarter III: July - September 2020)
Uptrend
An uptrend will start as soon, as the coffee market rises above resistance level 119, which will be followed by moving up to resistance level 132 - 140.
Downtrend
The downtrend may be expected to continue, while the coffee market is trading below resistance level 119, which will be followed by reaching support level 95 - 89.
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Fundamental Analysis
The difference between supply and demand shows oversold market and the fair price at the level $130 - $135.
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