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