Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Well.. technical trading is not predictive but reactive.. that is ok, I just do not trade that way (yet).
Purely inflationary point, prices go steadily up unless some technological improvement changes the game.
For soft commodities, the main determination is the ability of plant to produce, environmental conditions and scale.
I still see the cost not falling of the cliff despite scale and yield increase (but labor cost and expense rise too).
In a rather long-term view the absolute price seem rising not falling.
From now on, I think below 130USD starts the oversold area no matter what short-term technical signals say.
Technical traders may dominate market short-term, though.