Weekly Forecast
(August 31 - September 4, 2020)
Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 119, which will be followed by reaching resistance level 132 and if it keeps on moving up above that level, we may expect the market to reach resistance level 140.
Downtrend scenario
A downtrend will start as soon, as the coffee market drops below support level 119, which will be followed by moving down to support level 112 and if it keeps on moving down below that level, we may expect the coffee market to reach support level 104 and 95.
Previous week coffee price forecast
Fundamental analysis
According to Fundamental Analysis difference between supply and demand shows oversold market and the fair price at the level $140 - $150.
Coffee Price Forecast 2020, Long-Term
(Quarter III: July - September, 2020)
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 - 140.
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 level 95 - 89.
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