Market Conditions for COFFEE as at Sep 23, 2020
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Last 30 Days:
Support & Resistance
Multi Time Period Price Performance for Coffee
Coffee ProfileThe Coffee (COFFEE) CFD is closely tracking the KC future traded at the New York Board of Trade (NYBOT) exchange in America. Its price is quoted in US Dollar (USD) and it moves in increments of 0.05, with each tick being worth $18.75. At the end of Wednesday's trading session, Coffee closed 0.27% higher at $110.80, representing a notional value of $41,550.00 per contract.
Technical Analysis Summary for Sept. 23, 2020
While the market is currently in a short-term downtrend, this might just be a correction, as both the medium and long-term trends are still bullish. Wednesday's trading range has been $3.55 (3.2%), that's below the last trading month's daily average range of $4.94. Buying could speed up should prices move above the nearby swing high at 114.80 where further buy stops might get triggered.