Hello,
As of 2023 February 24 (Time of analysis), Friday current price of Coffee is USD 189. The price hit the bottom in January 2023 and prices have been recovering since then.
Though I do not fore see a sharp continuous rise in the prices of coffee. I am convinced that there are good opportunities for us to buy coffee once we see a correction forming.
USD 180 will be a good place to buy coffee with target 1 being at USD 242. This is based on wave analysis coupled with fundamental analysis (demand for the product remains high coupled with poor weather conditions)
Below more details about coffee www.visualcapitalist...producing-countries/
As of 2023 February 24 (Time of analysis), Friday current price of Coffee is USD 189. The price hit the bottom in January 2023 and prices have been recovering since then.
Though I do not fore see a sharp continuous rise in the prices of coffee. I am convinced that there are good opportunities for us to buy coffee once we see a correction forming.
USD 180 will be a good place to buy coffee with target 1 being at USD 242. This is based on wave analysis coupled with fundamental analysis (demand for the product remains high coupled with poor weather conditions)
Below more details about coffee www.visualcapitalist...producing-countries/
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coffee update
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I remain bullish on this commodity
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Nothing much has changed. The correction just got bigger
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Happy trading!