Sure coffee will drop massively if unable to break 215Sure coffee will drop massively if unable to break 215 this time
COFFEE - Wide Awake Hi all,
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.
Sto
BEARISH ON US COFFEEBearish clues:
- 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
Objective:
Coffee could decrease to the 148.000 US level, which corresponds to a strong support zone, an
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.