Coffee got resistance last week at the price of the $260.60 which is the highest historical price swing of the commodity. It seams the bulls are trying to break the level this week. A strong weekly bull close above this multi-year structure could open the door for more bullish swing on the price of coffee.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.