December coffee (KCZ26) futures present a selling opportunity on more price weakness.
See on the daily bar chart for December coffee futures that recent price action has formed a bearish double-top reversal pattern. Prices last week hit a 2.5-month low and prices are trending down. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bearish posture as the blue MACD line is below the red trigger line, and both lines are trending down.
