As of 2023 February 24 (Time of analysis), Friday current price of Coffee is USD 189. The price hit the bottom in January 2023 and prices have been recovering since then.
Though I do not fore see a sharp continuous rise in the prices of coffee. I am convinced that there are good opportunities for us to buy coffee once we see a correction forming.
USD 180 will be a good place to buy coffee with target 1 being at USD 242. This is based on wave analysis coupled with fundamental analysis (demand for the product remains high coupled with poor weather conditions)
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