Arabica Prices Stock Rises 2015

Arabica coffee prices at the close                   

of trade Thursday ICE victory jumper (31/12) closed increase with short covering action undertaken market participants.

The rise in coffee prices with investors continued to close out short positions after u.s. Government data released earlier this week showed speculators have increased theirbearish forecasts in Arabica coffee in the week ending December 22.

Arabica coffee futures prices in closing trade early Sunday strengthened. Arabica coffee futures prices experienced an increase of 2.20 dollars or equivalent to 1.81% and closed at position 1.2365 dollars per pound.

Arabica coffee futures prices on ICE Futures New York the potential to test the support level at the position of 1.2065 dollars and 1.1765 dollars. While the resistance level that will be encountered if an increase in advanced there is at the position of 1.2665 dollars and 1.2965 dollars.