Price volatility decreasing: Volcafe

Arabica’s price volatility has been steadily reducing, Volcafe has reported in its latest market review of the week ending 27 November. “To those watching the intraday chart it may not feel like it, but despite a series of reversals from one day to the next, Bollinger bands have contracted,” said Volcafe. Volcafe reported that the price highs are getting lower while price lows are getting higher, resulting in relative stability. Volcafe advised that it expects the current range-bound trading to continue until more news on next year’s crop becomes available in December.