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Is Coffee Running Out Of Steam On The Upside?


In November 2016 the price of coffee futures that trade on the Intercontinental Exchange began its descent from a high of $1.76 per pound. Over a period of just under two years, the price of the soft commodity did nothing but make lower highs and lower lows. Coffee did not rise above any significant level of technical resistance between late 2016 and September 2018.

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