JO - Coffee: One Foot In The Grave And One Foot On A Banana Peel
2018 was a rough year for Coffee (JO, BJO) producers as the commodity’s value fell by a whopping 30%. Moreover, the beginning of 2019 turned out to be similar as from mid-January the price of coffee has once again been in sharp descent. Thus, the big question now is whether the decline in prices has come to an end or not. I believe the commodity is at a crossroads where investors will have to keenly observe if the price of coffee holds the 50% Fibonacci support level. Hence, to ascertain the likelihood