Sept Coffee/ Fails at Resistance *PIC*

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The Koffee Kat broke down below 260 and bounced off 1st support and ran back up to the breakdown point of 260. It bumped its head on the breakdown point resistance and is typically selling off again. Seasonal trend charts show June is the most bearish time of the year for Coffee in all time frames measured. A brief bounce in early July tends to occur but then sells off again through the end of July. Meanwhile price is trapped between 1st support at 243 which is also its 200ema and resistance at 260. A break of either is what to watch for.

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Sept Coffee/ Fails at Resistance *PIC*

Re: Sept Coffee/ Update/ Reversal up! *PIC*

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