Updated: May 4, 2022
#Coffee prices have crossed the 200 day SMA 4 out of the last 5 trading sessions, and last week marks the first time that this key support has been breached since the start of the current bull-market in 2020.
Whatever the future may bring, the frost rally did its job and rallied prices from the 140s to the 260s, but now it is time to declare the frost rally over and done with. The market now needs to look to the future, and our assessment of the future will determine where prices go from here.
I hold a view that I think is a little controversial. Most of the in-the-know-people that I have talked to are bullish, but a contrary opinion is valuable to test the strength of your own.
With that in mind, in this brief article, I will share my view of the future of Arabica