CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 79% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Chart of the day - COFFEE (23.02.2021)

08:47 23 February 2021

Coffee prices surged yesterday and reached a 14-month high. Wet weather forecasts for major cultivation areas in Brazil are seen as a prime reason behind the surge. Excessive rainfall over the next two weeks is expected to cause local floodings and may damage trees. Apart from that, reports from big food companies, like for example, Nestle show that demand for coffee holds firm amid lockdowns. Combination of the aforementioned exerts big upward pressure on coffee prices. COFFEE surged around 4.5% yesterday and broke above the upper limit of the upward channel. Commodity briefly traded above 135.00 - at the highest level since mid-December 2019. 

COFFEE rallied 4.5% yesterday and reached the resistance zone ranging below 135 mark. Source: xStation5

This content has been created by X-Trade Brokers Dom Maklerski S.A. This service is provided by X-Trade Brokers Dom Maklerski S.A. (X-Trade Brokers Brokerage House joint-stock company), with its registered office in Warsaw, at Ogrodowa 58, 00-876 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. X-Trade Brokers Dom Maklerski S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back