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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Frequently Asked Questions
The current price of Coffee Futures (Sep 2024) is 2.2435 USD — it has fallen 2.16% in the past 24 hours. Watch Coffee Futures (Sep 2024) price in more detail on the chart.
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The nearest expiration date for Coffee Futures (Sep 2024) is Aug 21, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Coffee Futures (Sep 2024) before Aug 21, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Coffee Futures (Sep 2024) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Coffee Futures (Sep 2024) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Coffee Futures (Sep 2024). Today its technical rating is neutral, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Coffee Futures (Sep 2024) technicals for a more comprehensive analysis.