20 FEBRUARY 2015
NY ICE: 149.20
London Liffe: 1957
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Arabica & Robusta Coffee Chart & Comments
Special Offers Costa Rica SHB EP Supremo 17/18
1
Colombia Supremo 17/18
2
Guatemala Robusta screen 15 up
3
China Simao Gr. 1
4
Vietnam Gr.1 Water 5 Decaf
Brazil Conilon 5/6 6 screen 13 up
NY coffee prices extended declines for a fourth consecutive session yesterday to end the day at 152.65. This morning, coffee prices remained under pressure trading around 153.00. Short -term indicators suggest the potential for declines to falter near 150.00, which acts as immediate support. On the upside, a resumption of gains could retest the 10-day MA of 162.09 and the 40-day MA of 168.65. Resistance holds near January’s high at 187.40 and the key area of 200.00. Inside this issue:
Coffee Charts
1
Arabica Offers
2
Robusta Offers
3
Latam Report
4
Asia & Africa Report
5
Futures Market
6
London coffee prices extended declines and fell sharply yesterday to end the trading session at 1990. This morning, prices remained under pressure trading below the 10-day MA struggling for direction. Short-term indicators suggest the potential for recent declines to falter near the 40-day MA of 1962. On the upside, a correction higher could see gains retest February’s high of 2077 and the key level of 2100, while resistance holds near November’s high of 2112.