Coffee prices surge to the 2019 high

Coffee prices are on the rise again today and have been testing the $125 level for the first time since October 2018. Despite a lack of support from Brazilian real, coffee soared nearly 35% within just 6 weeks. Concerns about declining inventories are behind this move but $125 area is an important resistance so bulls face a major test here.

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Coffee prices surge to the 2019 high

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