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Coffee Versus the Dollar

Coffee Versus the Dollar

Coffee ICEUSA:KC1!

Coffee has had very orderly bull and bear trends over the past 30 years. Coffee futures KC1! plotted against DXY (log). We can expect to see a retest of 2013 lows as the dollar continues to strengthen. Ichimoku shows a strong downtrend with prices below the cloud. Short target: $110. *Further breach would may result in a test of the lower descending channel.