Coffee: Caffeine's about to hit ☕

12 set 2023

The coffee price has been moving downward since February last year within the framework of the superior wave Y in turquoise. In our primary expectation, however, this descent should not last much longer. In the orange target zone between USX 144.40 and USX 136.40, it should come to the low, followed by subsequent rises. Only falling below the zone would put a spoke in the wheel. Then, the price would have to drop much further within our 35% probable alternative before the reversal sets in.