Coffee Technical Analysis: Weekly Chart
In the weekly charts, Coffee was trading in a down channel. Coffee is currently trading below all SMA.
RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.
Its immediate support is 200.00 the resistance level is 227.00
Coffee was traded in a down channel before there is a breakout upside.
coffee Technical Analysis: Daily Chart
In the daily charts, Coffee was trading in an up channel. Coffee is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 210.00 the resistance level is at 225.00
Coffee will trade in a down channel until there is a trend reversal.
How to Trade Coffee this Week:
Coffee will follow the downtrend until its trend reversal. So, remain bearish on Coffee
