December ICE Coffee Futures a Selling Opportunity on More Price Weakness
See on the daily bar chart for December coffee currency that prices Monday hit a two-month low and hit seen a downside “breakout” from a bear flag pattern. A move below chart support at Monday’s low of 1.7640 would become a selling opportunity. The downside price objective would be 1.5750 or below. Technical resistance, for which to place a protective buy stop just above, is located at 1.8500.
