Coffee Technical Analysis: Weekly Chart
In the weekly charts, Coffee was trading in a down channel. Coffee is currently trading above the middle line of the Bollinger band.
RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.
Its immediate support is 160.00 the resistance level is 200.00
Coffee was traded in a down channel before there is a breakout upside.
coffee Technical Analysis: Daily Chart
In the daily charts, Coffee is trading in an up channel. Coffee is currently trading above the middle line of the Bollinger bands
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 170.00 the resistance level is at 215.00
Coffee will trade in an up channel until there is a trend reversal.
How to Trade Coffee this Week:
Coffee will follow the uptrend until its trend reversal. So, remain bullish on Coffee
