COFFEE Price Technical Analysis: Weekly 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.