Technical Analysis Of COFFEE & Trading Suggestions

COFFEE Price

COFFEE Price Technical Analysis: Weekly Chart

COFFEE Price Chart

In the weekly charts,  Coffee is trading in an upward channel.

Coffee is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.

Coffee will follow an uptrend in the coming weeks.

The  Coffee crucial support level is at 50.12 which is near 20 days SMA as of now. There are no signs of a bearish trend.

Coffee is trading Above the moving averages 5 & 50.RSI which is 235.65. Suggest Coffee  to move in  a Positive  Direction

Bulls have their tight grip on Coffee.

TRADE SIGNAL-   COFFEE– Buy: 215.20, TARGET:-275.20, STOP LOSS:- 185.20

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