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Technical Analysis #C-COFFEE : 2016-04-12

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 12, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Global coffee deficit expected Brazilian Cecafe association of coffee exporters reports higher demand. The green coffee shippings rose in March to 2.69mln 60kg bags from 2.61mln bags in February while coffee crops suffered in Brazil in 2014 and early 2015 due to droughts. Cecafe stated that in the recent 12 months exports totaled 33mln bags. To meet the domestic and global coffee demand Brazil needs to collect 58mln bags. Will coffee prices continue advancing? Total coffee exports of all

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