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KCH2016, Coffee futures long position opportunity

ICEUSA:KCH2016   Coffee
Coffee             futures generally show a clear pattern of systematic ups followed by similar downs. Recently, market has been bearish with structural lows below 120.00, 115.00 and 112.00. Structural low below 112.00 has been followed by a higher support at 112.00. If the market breaks it's first resistence point at 115.90, which is highly likely, then coffee             is expected to enter a bullish trend up to 120.00 or even 124.20.

Strength and Oscillator indicators show a reassurance for this upward trend. Stoch RSI , RSI and CCI are all indicating an increase leaving over-sold market towards over-bought.

My advice: buy.
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