Coffee - Is price going to drop from supply zone of feb 2022???

2024年8月25日

Hey traders coffee is at highs of feb 2022, it does tend to drop in August to September time, and now were at this high commercials are selling coffee and id rather be on there side than retailers who are still buying.
So I am going to sell....

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This chart material is for education purposes only / Demo account should be traded only

2024年8月29日

交易進行

Hey traders sell limit was activated, 1st zone 236.00 we are looking for and see how price reacts, after that if goes well then will be 226.00 zone and so on. Coffee wet season starts September but in some areas of Brasilia haven't had rain for 3 months so trees are stressed main area is Minas Gerais, but we have Columbia and Vietnam etc who produce coffee too, so its a balancing act, lets see how this plays out.