Open outcry price forecast for Cofffee_September 2015
Open outcry price for coffee 2015 has been increased around 3.24% and has broken our key level at 134.50 to reach the upper line of demand zone at 147.00. In case this level will be broken, then a target price to reach until mid of September 2015 will be around at 167.20.
A strong zone of demand between 120.00-146.00 cent/lb have been supported since 2013 up to now, triggering that level the coffee price will be led to the upward side due to our EMA 200 and 50 for D1.
Trade well!
Makkaba team
Open outcry price for coffee 2015 has been increased around 3.24% and has broken our key level at 134.50 to reach the upper line of demand zone at 147.00. In case this level will be broken, then a target price to reach until mid of September 2015 will be around at 167.20.
A strong zone of demand between 120.00-146.00 cent/lb have been supported since 2013 up to now, triggering that level the coffee price will be led to the upward side due to our EMA 200 and 50 for D1.
Trade well!
Makkaba team