Coffee futures prices today Arabica Robusta Futures prices forecast sept 2 2015 : Arabica
and Robusta again experienced a slight decline, investors remain
focused with the economy in producer countries that the exchange rate
declined against the US dollar, such as the countries major producer of
coffee Barazil exchange rate of the peso decreased its lowest for over a
year, the exchange rate, On Tuesday, the peso exchange rate decreased by 1.3% is the lowest exchange rate from December 2012.
Arabica coffee prices on ICE Futures US Exchange for delivery in December fell by 1.1% at $ 1.2290 per pound, while, while Robusta coffee in London Liff exchanges for November shipments fell by -8 Dollar at the price of $ 1.603. As for the price of cocoa for December delivery rose 1% to $ 3,131 per ton.
Weakening currencies brazil encourage farmers and exporters in the country for their coffee menjula resulting in abundant supply in the global market. the price of coffee is not much decreased as a result of the weakening of the exchange rate brazil, concerns over the impact Elnino weather affecting crops farmers in Brazil making coffee prices dropped significantly last tidah.
Arabica technical analysis trading day Wednesday, September 2, 2015
we expert predictions Arabica coffee technical day trading price of Arabica coffee for delivery in December will seek the support price of $ 117.73 and if the increase will menacari price of $ 126.43 Resistance,
Short Term Indicators Average: 40% Sell
20-Day Average Volume - 22.968
Medium Term Indicators Average: 100% Sell
50-Day Average Volume - 12.649
Long Term Indicators Average: 100% Sell
100-Day Average Volume - 7.779
Robusta technical analysis trading day Wednesday, September 2, 2015
Short Term Indicators Average: 80% Sell
20-Day Average Volume - 9.422
Medium Term Indicators Average: 100% Sell
50-Day Average Volume - 5.230
Medium Term Indicators Average: 100% Sell
50-Day Average Volume - 5.230
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