2019 2020 2021 ICE: KC Coffee Futures Long-term forecast and trade ideas - bottomed out
Coffee prices attract my attention. ICE Coffee futures prices seem to have bottomed out. They seem to have stopped a long fall, at least.
It is not clear yet whether the upward trend has begun. What can be said at this point is that the coffee prices are likely to go up. Perhaps, it will be a steep rise.
Meaningful price levels are 105.30, 110.80 and 127.45. If they rise to 127.45 this time, it could be a signal to go up to 204.
[Coffee futures monthly chart]
It is not clear yet whether the upward trend has begun. What can be said at this point is that the coffee prices are likely to go up. Perhaps, it will be a steep rise.
Meaningful price levels are 105.30, 110.80 and 127.45. If they rise to 127.45 this time, it could be a signal to go up to 204.
[Coffee futures monthly chart]