Coffee +8% last 5 days on cold weather frost in Brazil;

• Coffee +8.10% last 5 days on cold weather frost in Brazil; the cold weather freeze raising reduced supply concerns that may effect coffee supply’s for the next year crops; the rebound in the Brazil real against the US Dollar also holding back Brazil coffee exports; current price 111.35; resistance at 114.05 needs to be cleared to open up a further advance towards the 119.60 extension; otherwise a test of the lower 105.55 zone cannot be ruled out.

Source: FXGM / Bloomberg