MARKET

Coffee Market Chart for the Last Week (2024-07-22 to 2024-07-28)


The market last week went back and forth, just like me going for a walk and stopping to sniff the market.
From early to mid-July, the market was wagging its tail and rising, hitting a peak of 248.00 on July 9th, but since then it has been fluctuating like a cat being pawed at.

The week of July 22nd-28th felt like I was generally slowing down a bit, like trudging along after a day at the park.
In particular, on July 24, it dived to the lowest price of that week, 229.60. It was a shock, like chasing a ball and falling into a hole, but after that it recovered little by little, and finally settled at 229.40.

In other words, the week of July 22nd-28th saw a temporary slowdown in pace, but the team eventually showed signs of bouncing back up.
Overall, it felt like a week in which we were taking a break from the bouncy upward trend we'd been seeing so far, and preparing to make a fresh start after a bit of a rest.