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21/1/20 9:39(CET)_Signal UPDATE Coffee Short from 21/1/19 12:51(CET)_SIGNAL REMINDER

SIGNAL REMINDER – COFFEE SHORT

 

CA analysts would like to remind yesterday’s analysis of the fall in the price of Arabica coffee with a “Stop” order. A cursory glance at the chart shows that the market is making decisions. The analysis is waiting for its opportunity.

 

ORIGINAL TEXT: 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 source: WebTrader

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