Coffee Weekly Forecast, September 28 - October 2

This/Next Week Forecast
(September 28 - October 2, 2020)

Uptrend scenario

The uptrend may be expected to continue, while the coffee market is trading above support level 110, which will be followed by reaching resistance level 120 and 132.

Downtrend scenario

A downtrend will start as soon, as the market drops below support level 110, which will be followed by moving down to support level 104 and 95.

Previous week coffee price forecast

Fundamental Analysis

Difference between supply and demand showing a fair price at the level $155.

Long-Term Forecast
(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.