Coffee Futures prices today - Arabica coffee futures prices outlook september 8 2015 : ICE
arabica coffee prices was observed to decrease at the close of trade on
Friday 6 September 2015. The price of ICE arabica coffee futures ended
in negative territory, sluggish due to profit taking is done by market
participants. Arabica coffee price itself is still in a phase of consolidation.
If observed from the side of commodity price fundamentals are still finding strong pressure to continue to decline. On the last night of trade Arabica coffee prices are still in the lowest range since January 2014. Sluggish demand due to the economic slowdown becomes a major cause of the decline in the price of arabica coffee.
Prices for arabica coffee futures most active December contract closed down significantly at the end of trading early this morning. Prices ended at 1.1915 dollar position, weakened by 0.4 cents, equivalent to 0.33 per cent.
I predict that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade still further in bearish pattern. Technical indicators medium and long term is still expecting 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 1.1675 dollar positions and 1.1300 dollar. While the level of resistance that will face if there is no further rise in the position of 1.2188 dollar and 1.2400 dollar.
If observed from the side of commodity price fundamentals are still finding strong pressure to continue to decline. On the last night of trade Arabica coffee prices are still in the lowest range since January 2014. Sluggish demand due to the economic slowdown becomes a major cause of the decline in the price of arabica coffee.
Prices for arabica coffee futures most active December contract closed down significantly at the end of trading early this morning. Prices ended at 1.1915 dollar position, weakened by 0.4 cents, equivalent to 0.33 per cent.
I predict that the price movements of Arabica coffee futures on ICE Futures US in New York at the next trade still further in bearish pattern. Technical indicators medium and long term is still expecting 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 1.1675 dollar positions and 1.1300 dollar. While the level of resistance that will face if there is no further rise in the position of 1.2188 dollar and 1.2400 dollar.
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