Coffee price keeps the negativity – Analysis

Short

Coffee Cash Contract (PEPPERSTONE:COFFEE)

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PEPPERSTONE:COFFEE Coffee Cash Contract

trendanalysis indicator waveanalysis coffee coffee_analysis coffee_trading coffee_trade coffee_futures coffeefutures coffeeanalysis coffeetrend coffeesignal

Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the importance of monitoring its behavior to manage to detect the next main trend.

Commentaire:

Coffee price crosses first target at 154.00.

Trade fermée: cible de profit atteinte

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