CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. 74% 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.

☕Coffee prices highest since 2014!

16:13 22 July 2021

❗Weather anomalies cause supply concerns, which drives the price of coffee significantly higher

Coffee (COFFEE) futures surged 11% during today’s session, reaching levels not seen since 2014. Only within the last 3 days, the prices of this commodity jumped by almost 20%!

Weather anomalies, especially severe drought in Brazil, as well as unexpected low temperatures that have occurred recently in this region, contributed greatly to this situation. Obviously, this has a negative impact on the supply side. That's not all, because the demand for coffee is rising dynamically due to the reopening of many developed economies, where a significant portion of the population is vaccinated. Numerous cafes are starting to operate normally, which attracts more customers while the inventory levels are starting to decline due to supply issues. All these factors have led to a massive upward move in recent days.

Coffee (COFFEE) prices continue to rise sharply, currently gaining nearly 8%. On the daily chart one can see that today’s session started with a bullish price gap and the price broke above the upper limit of the upward channel. Daily high is located at $ 194.54 and it is possible that the $ 200.00 level may act as a psychological resistance. On the other hand, if sellers manage to regain control, the zone between $ 164.00 and $ 166.00 could act as the first major support. 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.

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