Did You Miss this Opportunity in the Coffee Market?

Colombian Supply May Increase

 

Source: VantagePoint Intermarket Analysis Software

To see more FREE recent market predictions for softs go here!

 

• The market decreased by 6.85 dollars.

• 6.85 dollars = 2,568.75 USD per contract  (About 6 trading days)

• When the blue line (forecast) crossed below the black line (actual), VantagePoint predicted the market to trend down. The Neural Index at 0.00 also indicated an expected down trend.

• Coffee fell this week on signs that the tightness in supply from Colombia, the second-largest Arabica bean grower, is easing.

• According to the Colombian National Coffee Growers Federation, year-end harvests look favorable which could result in an output of about 11 million bags of coffee this year.