top of page

Half-Pregnant Coffee

You can't be half-pregnant, but that is exactly how the #coffeemarket looks right now.

The technicals are equal parts #bullish and #bearish. There is a strong uptrend but declining momentum. We have Bullish #triangle continuation and Bearish #doubletop forming. As is so often (frustratingly) the case in #TechnicalAnalysis, we need a #breakout confirmation to confirm the direction.

This ambiguity confirms with the #Fundamentals at this point. There is a #bullish deficit this year and a long-lasting strike in #Colombia but a huge past crop, solid exports and potentially a large amount of origin stocks.