I am here again to give you something valuable:)
Observed the coffee future chart which is trading in the multi year resistance zone. This is the fourth time now that it is into that zone and owing to increase in the prices of other commodities it may break the resistance this time.
Stocks of FMCG segment will benefit from it. One stock which I see...
- Coffee price have bounced off bearish channel resistance
- The hourly uptrend line has been broke
- Candlestick shows indecision at the top and the strength of the sellers
Coffee could decrease to the 148.000 US level, which corresponds to a strong support zone, and then maybe to the 145.000 US level, which corresponds to the...