US Coffee Long Position Idea - Opinion KC1!
Hi there. This is a recent analysis for an undervalued commodity which is US Coffee KC1!. As you see from the weekly chart Coffee price reached the bottom bollinger band, after this price movement it is expected to bounce again for the median of 20 weeks of bollinger at targets the price of 101,5$. This signal is also confirmed from RSI which is at oversold price level of 40. +DI from ADX is also at oversold level which is going to change over time and give a solid buy signal. This bounce might be helped from the highly demand in this specific commodity which is beloved worldwide.
**This is not an investment advice, it is only for educational purpose**
Invest with safety.
**This is not an investment advice, it is only for educational purpose**
Invest with safety.
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