Coffee cocoa futures prices - Arabica coffee futures price outlook strong bearish : Arabica coffee prices ignore the rise for two consecutive days before
the end of trade on Friday 10 September 2015, the price of these
commodities experienced a remarkable decline sharply to reach its lowest
since January 2014.
Arabica coffee futures price movements in the commodity exchange ICE Futures back leads into a strong bearish pattern. In general sentiment in the market is still bearish due to concerns over global demand.
Arabica coffee futures prices at the close of trading sharply lower early this morning. Arabica coffee futures price fell by 4.70 dollars or equivalent to 3.88 percent and closed at 1.1640 dollars per pound. Price returned to achieve the lowest position since January 2014.
I estimate that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade will continue in a bearish pattern. Technical indicators short, medium and long still expect a continued decline in commodity prices.
The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the strong support level at 1.1300 dollar positions and 1.1000 dollar. While the level of resistance that will face if there is no further rise in the position of 1.2157 dollar and 1.2400 dollar.
Arabica coffee futures price movements in the commodity exchange ICE Futures back leads into a strong bearish pattern. In general sentiment in the market is still bearish due to concerns over global demand.
Arabica coffee futures prices at the close of trading sharply lower early this morning. Arabica coffee futures price fell by 4.70 dollars or equivalent to 3.88 percent and closed at 1.1640 dollars per pound. Price returned to achieve the lowest position since January 2014.
I estimate that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade will continue in a bearish pattern. Technical indicators short, medium and long still expect a continued decline in commodity prices.
The price of Arabica coffee futures on ICE Futures US in New York has the potential to test the strong support level at 1.1300 dollar positions and 1.1000 dollar. While the level of resistance that will face if there is no further rise in the position of 1.2157 dollar and 1.2400 dollar.
0 Response to "Arabica coffee futures price outlook strong bearish"
Post a Comment