
Technicals Suggest Coffee Bull Market is Over
Despite low certified inventory levels and a persistent inversion, the #coffeemarket has maintained a bearish trend and now even broken key support of the downtrend. From a chart's perspective, the bull market is over. The 200c level, a 1-year support reference, is long gone now. KC is currently in the 180c, which is a 14-month low. To be clear, this is the weakest chart coffee has printed since it has established itself above the 200c range a year ago. [Don't you just love