ICE: KC COFFEE C Futures Price Long Term Forecast, SELL(Short) - Commodity Trading Today
Coffee prices are likely to decline over the long term.
It has not risen from a very important support line. It tells us that the coffee market is very weak.
If the estimate that coffee prices will fall is correct, the first support line will likely be around 85.05, and the second support line will be around 60.25
COFFEE C Futures Price Forecast and Trading (ICE:KC):
Long Term SELL(Short)
Eentry Price above 108.3
1st Target Price 85.05 (+23.25pt, +21.47%)
2nd Target Price 60.25 (+48.05pt, +44.37%)
Stoploss Price 112.85 (-4.55pt, -4.2%)
[Coffee price monthly chart, ICE: KC]
It has not risen from a very important support line. It tells us that the coffee market is very weak.
If the estimate that coffee prices will fall is correct, the first support line will likely be around 85.05, and the second support line will be around 60.25
COFFEE C Futures Price Forecast and Trading (ICE:KC):
Long Term SELL(Short)
Eentry Price above 108.3
1st Target Price 85.05 (+23.25pt, +21.47%)
2nd Target Price 60.25 (+48.05pt, +44.37%)
Stoploss Price 112.85 (-4.55pt, -4.2%)
[Coffee price monthly chart, ICE: KC]