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INTL FCStone Daily Coffee Report Sept 19'17

9/19/2017

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Arabica Coffee Futures settled lower on Monday, with the active contract for December delivery falling 1.05 cents at 140.35 cents per pound. Volume increased to 40,645 lots. Resistance was found near the 200-day moving average (143.45), and failure to break through prompted liquidations. From a technical standpoint, today’s negative settlement marks a reversal day on the chart. Confirmation would consist of a consecutive negative day, which could be enough to invert mid-term oscillators. In fundamental news, the dry conditions in Brazil continue to worry participants. Dry weather is expected to continue across Brazil's coffee belt for the next 6-10 days. On Wednesday, the US Fed rate decision might bring volatility to the commodity and currency markets.
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  • Home
  • Our Coffees
    • Montreal 'Spot' Offerings
    • New York 'Spot' Offerings
  • Our History
  • About N J Douek
    • Some of our services
    • Meet some of our team
    • Our Cupping Room/Offices
  • Coffee Commentaries
  • Price charts
  • Contact Us
  • Accueil
  • Useful Info
  • Nos cafés
    • Nos cafés à Montréal
    • Nos cafés à New York
  • Notre histoire
  • À propos de N J Douek
    • Certains de nos Services
    • Rencontrez notre equipe
    • Notre labo et bureaux
  • Nous contacter
  • Informations Utiles
  • Chartes de prix