Coffee Market Chart for the Last Week (2024-04-29 to 2024-05-05)

The market saw some amazing movements last week!

Compared to the previous weeks, from 4/29 to 5/5, it seemed to be diving as it descended, wagging its tail.
A quick look at the open and close prices shows that it started the week at 219.70 and ended the week at 192.55.
The way it fell made it seem like they'd found a good place to bury the bones.

In particular, the price movement since the beginning of May has been swift, like chasing a rabbit, and has fallen like a deep valley.
Compared to previous weeks, there was a larger movement between the highest and lowest prices, which caused market tension to build and then cool down quickly.
No detailed figures were given on trading volume, but judging from the price fluctuations, it is clear that many traders were busy swarming around in this coffee market, which has its ups and downs.

The sense of speed when descending in particular was quite nerve-wracking, like being chased by a cat.
In conclusion, the week of April 29th to May 5th was a turbulent downward slide compared to the previous week.

It's unclear what will happen in the future, but as always, the coffee market is likely to be unpredictable and exciting!