Reported 2 days ago
December coffee futures are presenting a selling opportunity due to anticipated further declines in prices, driven by increased global coffee supplies and insufficient demand. Recent market analysis shows a bearish 'head-and-shoulders' pattern and a negative MACD indicator, suggesting that if prices dip below 367.00 cents, there could be additional selling pressure, with a target price of 295.00 cents. The article emphasizes the volatility and risks associated with futures trading.
Source: YAHOO