End of the Rally?
Over the last month and a half #coffee has lost 50c or nearly 20% of its value from peak to trough after a historic #bullmarket that saw prices more than double from Jun 2020 to Feb 2022. The question that we are all asking ourselves now is this: is the rally over? To answer this question, I will outline the setup that got us to this point, examine the new factors that have changed the calculus and identify some key signals that will offer a clue as to where we are going. Su