Coffee Market Chart for the Last Week (2024-05-06 to 2024-05-12)

Last week the market was as active as a puppy galloping through the forest...oops, it was a puppy!

For a few weeks starting in mid-April, prices just kept going up and down, fluctuating like the tail was wagging.
In particular, it hit its highest point in months on April 17th and continued to sniff around that area for some time afterwards.

But as May began, I suddenly noticed a change in the smell.
Prices started dropping like dog food spilling out of a bowl.
After dropping below 210 on May 1st, it gradually stabilized, dropping to 197 on May 3rd.
After that it bounces up and down a little, but it's not as big as it was before and it feels more gentle and smaller waves.

From the week of May 5th to May 11th, it felt like I was just taking a leisurely stroll.
It was a slow change, and I felt like I was moving forward bit by bit.
In particular, on May 10th, it looked like it was close to hitting the 200 mark, but it still feels like it's not too far off.
This week has been a slow, steady but steady progression, rather than the wild rush of previous weeks.
It was like an old dog enjoying a leisurely walk with its owner.

Ah, I can't wait for the day when you make another big leap.