Robusta Coffee Pushes Higher, But Gains Seen Stalling -- Market Talk

Robusta coffee futures continue to climb, with Liffe's May contract up 1.3%

at $2,126/tonne. Concern over the effect that unfavorable weather conditions in Brazil could have on

its coffee crop continue to prop up prices of the bean, say analysts. Robusta's rally could stall

around current levels, however, as significant moves higher attract aggressive selling, says Kash

Kamal, a research analyst at Sucden Financial. "Support on the downside seems to be holding up well

with the 10-day moving average at $2,052/tonne providing immediate levels," he says. "Any breach of

immediate support could test previous congestion around $2,000/tonne."