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 143.40 and a trendline resistance-turned-potential support drawn from the high of 202.85.
As evident from the daily chart, we have trendline support taken from the low of 143.40 and a trendline resistance-turned-potential support drawn from the high of 202.85.