Coffee prices were depressed for a long time but have been rallying very strongly recently. The price has just broke $116 and is up 19% over the past month! This stunning rally is taking place despite weakness of the Brazilian real and one may wonder what happens if the BRL recovers. Technically one may notice a large reverse head-and-shoulders formation. Despite recent rally coffee price remains well below the decade average of $152.
BREAKING: Sharp drop in US oil inventories 📌
Morning wrap (29.10.2025)
Daily Summary – Wall Street Rises Ahead of “Magnificent Seven” Earnings
Chart of the day - WHEAT (28.10.2025)