Coffee Arabica: Expected price volatility around bad weather conditions are currently balancing the potential massive crop coming out of Brazil for next year. A head and shoulders pattern has formed and would have a possible longer term target price of 89. Price may find short term resistance at 126 then 118. Upside support may be found at 136 then 143.
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DariusAnucauskas
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I like this one. Been watching Coffee charts for a while.
Agree, could see some downward movement, especially when this has formed a Head and Shoulders pattern and closed below the neckline.
Agree, could see some downward movement, especially when this has formed a Head and Shoulders pattern and closed below the neckline.