vlad.adrian

Coffee - Trend is still up

Long
ICEUSA:KC1!   None
Coffee recently broke the strong support at 168$ region, and then rallied immediately. I have been waiting to see two consecutive days of rising prices, this is the 3rd. I expect coffee to go up at least to the 200$ region, where there was that double top. Further resistance is at 230$. Allthough there are bullish divergences on the daily, it isnt a setup that screams, but take a look at the weekly, which is beautiful :
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