Coffee Short. According to Candlestick’s technical analysis, Friday’s session marked the end of the upward trend in Arabica coffee. Current values are the subject of speculative opinions on a possible correction wave. The technical situation on the market, which has been at its peak since November 2019, is now in a defensive position. The current price development is heading for a decline and support around 120. This value may not even be final.
Chart and table source: WebTrader