Coffee Price Forecast Remains Bearish

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The #C-COFFEE price forecast in our September 30, 2020 technical analysis was bearish.

Market analyses after #C-COFFEE,Daily September 30, 2020 technical analysis still indicate bearish bias.

December arabica coffee fell by 1.3% on October 2, according to Reuters data.
Indonesia’s robusta coffee exports for the October 2019 to September 2020 coffee year were 11.82% higher than the same period in the previous year.

Here is what indicators show as of October 5, 2020:

The Parabolic Indicator gives a bearish signal.
The Donchian channel indicates downtrend: it is tilted down.
The MACD indicator gives a bearish signal: it is below the signal line and the gap is widening.
The RSI oscillator gives a neutral signal.
The Fractals give a bearish signal.
The MA(200) indicator gives a bearish signal.

So the bearish forecast still stands for the #C-COFFEE,Daily.

International Coffee Organization October 1, 2020 report.

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