Colosseum a.s. (Colosseum a.s.)
Commodities  |  April 09, 2013 13:45:28

Price of coffee may continue to decline

ColosseumArabica coffee price declines since May 2011. Since that time, the price was almost 333 USc per pound, coffee has lost almost 60% and the price may fall even further. Formation engulfing price correction is likely to halt this downward trend and based on that can come next fall. Last strong support since 1987, which could cost stop was located at 150 USc a pound. Current futures contract for delivery in May at the Intercontinental Exchange (ICEUS) is trading at 136.20 USc a pound. Graph 1: Daily price of Arabica coffee in USc per pound adjusted for the effect of scrolling (Source: CSI) and # 160; FOR THIS REPORT MAY APPLY Decree No. 114/2006 Coll., The fair presentation of investment recommendations. In this report, the deceased PRO of Directors created or prepared for it. Administrative authority, which the company is exercised SUPERVISION IS CZECH NATIONAL BANK.ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT. Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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