July 27, 2017
Coffee traded down to lows of $1.13 per pound in June which now appears to be a bottom for the price of the soft commodity. In my latest article for Seeking Alpha, I explain why the weaker dollar is highly supportive for the price of coffee and many other commodities and how technical resistance at the $1.40 per pound level is a critical line in the sand for whether those coffee beans can once against percolate on the upside over the weeks and months ahead.
Article: Coffee’s Quiet Recovery
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