Market is clearly over-bought! 1D, 4H, 1H and 30MIN graphs all show clear signs of short opportunity.
Coffee futures experience head and shoulders patterns and the next move is clearly downward. RSI and CCI have values of 66.8725 and 184.6364 which clearly indicates SHORT pattern.
Stoch RSI is 98.6 way over 80% mark which means over-bought market with no other way of going up.
CLEAR SHORT
Coffee futures experience head and shoulders patterns and the next move is clearly downward. RSI and CCI have values of 66.8725 and 184.6364 which clearly indicates SHORT pattern.
Stoch RSI is 98.6 way over 80% mark which means over-bought market with no other way of going up.
CLEAR SHORT