MARKET

Coffee Market Chart for the Last Week (2024-08-19 to 2024-08-25)


Last week's market movements defied expectations, as if it were following a scent on a walking trail.

From the end of July to mid-August, prices fluctuated wildly, bouncing around like they were chasing a ball.
In particular, from August 6th to 16th, after showing off some impressive strides, there were times when Wang would suddenly take a break, as if he was resting in a dog run.
Amidst all this turbulent activity, the week of August 19th to 25th was a relatively calm one.
Starting at 244.20, the index went up and down slightly, but by the weekend it had shown a slight but steady growth, reaching 246.30.
It's like he's gradually getting used to new smells during his morning walk.
During the week, it recorded a high of 252.50 and a low of 241.60, before settling slightly towards the end of the week from a high of 248.55 as it closed during the period.

Looking at the overall picture, although there were ups and downs in the market this week, overall it appeared to be gradually rising.
It was like my tail rising slightly higher in anticipation when a treat was presented to me.