COFFEE could turn around big timePrice on COFFEE looks very interesting at the moment, this latest move broke the narrative of a downtrend.
The most recent interaction with the downtrend is particularly interesting, because it's already showing early signs of consolidation, decreased bearish momentum. What may follow: retest of tr
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Are coffee futures starting to show some signs of correction?With coffee futures soaring this year due to supply issues, we are finally seeing some signs of a possible slowdown in the upwards movement. Is this just a temporary correction, before another possible leg of buying? What do you think?
MARKETSCOM:COFFEEC
74.2% of retail investor accounts lose
Coffee Futures Displaying Support Ahead of Trendline Coffee futures are down -7.3% MTD, with the move pulling price action to within striking distance of an interesting combination of trendline support around 190.79, which may offer buyers a platform to work with.
As evident from the daily chart, we have trendline support taken from the low of 143.4
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Displays a symbol's price movements over previous years to identify recurring trends.