The July 2021 to June 2022 new Brazil crop harvest is starting for robusta areas, and for arabica plantings harvesting starts in a few months. The weather has been reported to be favorable ahead of the final stages of ripening, local and international surveys indicate a median estimate for total Brazil arabica and robusta 2021 crop at around 52 million bags. That constitutes 25% smaller crop due from Brazil this year, which is explained by biennial lower crop cycle. Expectations of lower crop are bullish for coffee price.
| Indicator | VALUE | Signal |
|---|
| RSI | | Sell |
| Donchian Channel | | Sell |
| MACD | | Buy |
| MA(200) | | Buy |
| Fractals | | Buy |
| Parabolic SAR | | Buy |
Summary of technical analysis
| Order | Buy |
| Buy stop | Above 134.63 |
| Stop loss | Below 121.64 |