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Technical Analysis #C-COFFEE : 2015-12-09

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Drought in Brazil Brazilian Espirito Santo state suffers from heavy drought which may cause reduced national coffee crops in 2016/17. The American and European consumers have started competing for coffee from Vietnam, which is 2nd world major coffee producer after Brazil. Will the coffee prices continue heading north? Markets do not estimate yet to which extent the Brazil’s crops in 2016/17 season may fall. Previously, they expected the fall of 48mln tonnes which is in line with the 2014/15

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