Arabica Coffee Futures has started the week with a series of bearish candles after grinding poorly in its recent trades. Coffee Futures halted its apparent uptrends as it faces growing technical pressures in the said week.
In the preceding week, the Coffee Futures had a technical upsurge in which made it hit its 4 month high. However, the increase was short lived as the futures decline this week. In early trades of the week, the Arabica coffee declined by 3.7% in which had hit 132.17 cents for each pound. Last week though, the bullish performance was seen hitting 140 cents compared to this week’s loss.