I think the arabica coffee will bounce on the next week. There is a D volume cluster sample, the RSI is oversold and the MACD histogram signs a turning.
Even with all of the net spec selling, sluggish in-home demand, and ICE stocks rising by ~18.6K bags? Rumors there are an additional 100K bags going ICE warehouses too.
Cool lines though!
HAttilaH
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@bucketshopper Yes, indeed! Maybe we will see some bounce or correction.
Cool lines though!