MARKET

Coffee Market Chart for the Last Week (2024-07-15 to 2024-07-21)


Wow, the market was as volatile last week as we were running around in the park.

During the week of July 15th to July 21st, prices seemed to be tailing off a bit.
In particular, it started out hovering around 246.90, but as the week progressed it moved slightly to 239.75, 242.15, 242.45, and then, as if crossing the Rainbow Bridge, dropped to 239.05 and then to 236.60.
This feels like I've lost a few snacks compared to before.
But, if you look at it like digging a hole to fill in the movements of this period, there are also some small bounces and adjustments.

The closing price is down a bit, but the price is trying to bounce back in a small range like a twig shaking off.
In other words, when you're running around in the park, you sometimes fall over or stumble, but you quickly get back up and look for the next fun thing. Just like that, the market is showing small adjustments but is also demonstrating its resilience.
So this week, it feels like the market is taking a breather, stopping for a bit to have a drink of water at a rest area.
But it also looks like he's getting ready to make another run for the big treat.
Woof woof!