ICE EU:RC Robusta Coffee forecast, Buy, Target 1995 (+45.73%)
Robusta Coffee Futures (ICE EU: RC)
Trade : Buy
Entry : 1369
Target : 1995 (626, +45.73%)
Stop : 1290 (-79, -5.77%)
Posted on Sunday, December 27, 2020
Note : Coffee prices are likely to rise. The price flow is very stable. It seems that someone is managing the price well. If my prediction is right, resistances (targets) could be 1627 and 2007. Support could be 1290. If they break out 2110 and secure that line, there will be a high possibility of a very big move. As said many times, commodity prices will rise very high in 2021-2025, and coffee will be one of them.
Trade : Buy
Entry : 1369
Target : 1995 (626, +45.73%)
Stop : 1290 (-79, -5.77%)
Posted on Sunday, December 27, 2020
Note : Coffee prices are likely to rise. The price flow is very stable. It seems that someone is managing the price well. If my prediction is right, resistances (targets) could be 1627 and 2007. Support could be 1290. If they break out 2110 and secure that line, there will be a high possibility of a very big move. As said many times, commodity prices will rise very high in 2021-2025, and coffee will be one of them.