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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (100290)	1/20/2021 10:38:52 AM
From: Goose94	Read Replies (1) \| Respond to of 202923

Coffee: Bulls on a Run As we await the inauguration of President-Elect Joe Biden, the markets have been quite friendly as the promise of continued influx of cash should prompt more buying of commodities and equities. The efforts initiated by the Trump Administration to distribute vaccines across the world at unprecedented speeds, coupled with whopping stimulus measures have created optimism through the promise of a slow but sure to return level of normalcy. How the Biden Administration accelerates or slows this moving train remains to be seen. The new administration promises increased corporate tax hikes, weighed against increased infrastructure spending, all while the impending shadow of massive inflationary fears looms imminent. Brazilian coffee exports for 2020 were at a record high, and this should help the March Coffee futures gain continued ground and attract more bullish activity. A clear and decisive hold above the 50-day moving average (located at the 120.00 level) and subsequent rally and break above the 129.50 resistance level should signal a retest of the 135 level over the next few weeks. Adam Tuiaana Senior Market Strategist