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Barchart
Barchart
Jim Wyckoff

Coffee Prices Hit a 5-Week Low on Higher Supply Fears. How to Trade It.

Ice Brazil Vietnam

September ICE coffee (KCU25) futures present a selling opportunity on more price weakness. 

See on the daily bar chart for September ICE coffee futures that prices are trending down and Friday hit a five-week low. See, too, at the bottom of the chart that the moving average convergence divergence (MACD) indicator is also in a bearish posture as the red MACD line is below the blue trigger line and both are trending down. The bears have the near-term technical advantage.

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