Why Are Coffee Prices Falling, and How Much Lower Will They Go?

Group 1 - The core viewpoint indicates that May ICE coffee futures are experiencing a selling opportunity due to a decline in prices, recently hitting a 5.5-month low [1] - The technical analysis shows that the MACD indicator is in a bearish posture, with the blue MACD line below the red trigger line, suggesting that coffee bears have a near-term advantage [1][2] - Fundamentally, coffee prices are declining due to increased global supplies, particularly from Brazil and Vietnam, which have shown better-than-expected production [2] Group 2 - A significant price level to watch is the support at $2.9855; if May coffee futures fall below this level, it would present a selling opportunity with a downside target of $2.4000 [2] - Technical resistance is identified at $3.2250, where a protective buy stop should be placed just above this level [2]