{"id":144137,"date":"2019-03-22T10:15:52","date_gmt":"2019-03-22T14:15:52","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=144137"},"modified":"2019-03-22T06:56:25","modified_gmt":"2019-03-22T10:56:25","slug":"coffee-analysis-expectations-of-good-crop-bearish-for-coffee","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2019\/03\/coffee-analysis-expectations-of-good-crop-bearish-for-coffee\/","title":{"rendered":"COFFEE Analysis: Expectations of good crop bearish for coffee"},"content":{"rendered":"
March 22, 2019<\/div>
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By IFCMarkets<\/a><\/strong><\/p>\n

Expectations of good crop bearish for coffee<\/strong><\/p>\n

Ample world coffee supply expectations weigh on coffee market. Will the coffee prices<\/a> continue declining?<\/p><\/blockquote>\n

Coffee prices are under pressure as favorable weather conditions in main producers countries indicate building of ample global supply. Brazil rainfall reports in most of coffee districts support the view of ample good new crop of 2019 in top world producer country. Farmers in Vietnam, second largest world coffee producing country, complain of falling profits as prices decline. And in Indonesia, the fourth biggest coffee producer, supplies from the mini harvest in the southern part of Sumatra this week rose 10-15 percent from last week, according to Reuters. Expectations of ample global supply are bearish for coffee prices.<\/p>\n

\"Coffee<\/p>\n

On the daily timeframe the Coffee: D1<\/b> is below the 50-day moving average MA(50) which is falling, this is bearish.<\/p>\n