Coffee price finds support

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The zone, which captures the 2021 July, October and November high levels, at 210.40/215.20 provided support to the price for coffee in mid-March. Afterwards, a recovery of the soft commodity price occurred. By March 23, the price had recovered and was heading to the 230.00 level.

If the price continues to recover, coffee might encounter resistance in the 230.00 mark, before approaching the 235.00 mark and the 50-day simple moving average. Higher above, take into account the 240.00 level.

On the other hand, a potential decline would have to pass below 220.00, prior to looking for support in the 210.40/215.20 zone.
Back to articles

Actual Topics

Wed, 23 Mar 2022 12:09:51 GMT

India 50 index approaches resistance

The India 50 index has not been reviewed since December 2. Since that date the stocks have broken the 2021 ascending channel pattern, revealed a new channel down pattern and an all-time-high resistance zone at 18,380.00/18,600.00. Most recently, during mid-March, the rate surged above the 50 and 200-day simple moving averages and reached the resistance of the 17,500.00 level. In

Tue, 22 Mar 2022 12:43:33 GMT

Australia 100 index trades sideways

Australian stocks have been trading in a wide sideways range since April 2021. At the start of 2022, the index bounced off the August 2021 high and declined to the May 2021 low level. By doing so, the stocks revealed a horizontal channel pattern. In February, the index surged until it found resistance in the 200-day simple moving average near

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.