March coffee (KCH26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for March coffee futures that prices are trending lower and today hit a seven-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is in a bearish posture as the blue MACD line has crossed below the red trigger line, and both lines are trending lower. The bears have the near-term technical advantage.
