Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: at what point does selling & low prices end
I donít project prices but the market has repeatedly bounced from the 90.00 to 85.00 level. Here funds have ceased selling or reversed. I tend to agree with Karl with reference to the cartel approach but I donít see that in the horizon. In fact, the Brazil administration is more inclined to increase production based on their supply side economics approach. The market could reverse if the investment world decided to buy, as we have recent seen, but as we see in the accompanying chart it doesnít seem to be the environment for commodities.