Long

Coffee, mid term forecast

Updated

BRLUSD +
most indis +
undervalued price +

all time record production in brazil -

demand in arabica +/-

Trade active

Reuters Set a new target for arabica to 120c for this and next year, because of overproduction in brasil and demand is lower because of covid - they think robusta will gain more, because of homeconsumtion while covid.

Until the Trend is not broken i'm in. In my opinion arabica hast to make a rebound since 2011 - to at least 170c
Since last year the price tries it, but it needs some fundamental News, Like Bad weather conditions....otherwise we maybe will never See more than 140c.

3 times from 100-> 125 = 75% too

foaraman

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