Coffee futures have experienced a strong upward movement, breaking their all-time high and unlocking Fibonacci-based mirroring and projection targets. However, the manner in which the price reached this level—overextended and distanced from its moving averages—combined with last month’s candlestick signaling selling pressure, suggests a high probability of...
The price has reached a key support level. From a weekly perspective, it has tested the 20-period moving average (MA20), a crucial indicator in technical analysis. On the daily timeframe, this region is also significant, as it coincides with the 200-period moving average (MA200), which has provided support and temporarily halted the decline.
Currently, the price...
Maybe the price has failed to renew a higher high and captured liquidity and is deriving on ATH + 1,2,3 sell if at the end of the day the candle closes solid.
