Las empresas deberían ser multadas por la irresponsabilidad de tener sus flotas en estos estados precarios. No solo no sirve carretera a El Salvador, sino los mismos usuarios la cocemos imposible. #carreteraaelsalvador
#COFFEE
Yesterday’s in-neck candle reinforced the continuation of the current pullback, as it lacked the bullish strength needed to reverse the trend.
While bulls attempted to step in after the gap down yesterday, they failed to close within the body of the prior red candle, leaving the price to settle at the same level as the previous close. This type of candle typically signals continuation in the direction of the prevailing trend, which in this case is downward.
Today’s small bearish continuation candle, forming as an inside-range candle, reflects a period of digestion as traders assess the recent move.
This indecision indicates that while the short pullback continues, coffee is merely pausing to assess whether sellers will retain control or if bulls will step in to reclaim momentum within the broader ascending channel.
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$JO $CCH $SBUX $DNKN $MCD $JVA $PEET $NSRGY $KDP $TATLY $THI $GMCR
Burning the midnight oil here in Jakarta report writing and thinking about a slew of comments regarding the coffee price action that has a bit too many superlatives, making me wince. While one can’t rule anything out when panic sets into a market, there is also an element of recklessness when making pie in the sky price targets that have no real basis to them except they sound astounding and are a once in a lifetime move. Keep in mind that the higher the coffee market climbs, the further it falls. That can be far more disruptive leading to a prolonged period of very depressed prices. Producers are urged to save for the proverbial rainy day from this early Xmas gift, because tough times will likely follow on the backside of this rise. Time to invest in being efficient more so than expansion for a sustainable future.