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Technical Analysis #C-COFFEE : 2016-02-10

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 10, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Drought in Columbia Brazil has cut its coffee export in January 2016 by 8.8% compared to the January last year and by 16.5% compared to last December. Market participants worry the crops in Columbia may suffer due to the droughts. Will this push the coffee prices up? Three weeks ago coffee hit a fresh 2-year low and now its prices are struggling for growth. According to the U.S. Commodity Futures Trading Commission. It has been contracting for two weeks having reached the 4-week low. This week

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