Thursday 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 112.90.

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 104.90.

Previous forecast

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 of $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.