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Coffee Consolidation Around Technical Resistance Gives Way

Coffee Consolidation Around Technical Resistance Gives Way

August 10, 2017

The price of Arabica coffee futures traded to a low of $1.13 per pound in June and since then the commodity has percolated higher for seven consecutive weeks. In my latest article for Seeking Alpha, I explain the reasons for the rally in the java market and look at the current hurdles facing it on the upside while explaining that the long-term chart looks a lot better than it has in a very long time.

Article: Coffee Consolidation Around Technical Resistance Gives Way 

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