Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
The strong support of KCK18 x USDBRL = 385.00 is on the verge of being lost. But at the same time the RSI indicator (4) [10 -90] in the 240 minutes is indicating that prices are entering the oversold region. Tomorrow the robusta market will open in London. Let's see if the robust prices will give some support to the Arabica. It seems that it is consensus that prices will reach up to support of 115.00 / 115.50. I think they will actually get there, if the real devalues this week. But below these figures I believe that prices will have much difficulty in continuing to fall.