Coffee Steaming Higher

ICEUSA:KCN2018   None
The linear regression channel from the beginning of the year has finally been punctured on a closing basis. Additionally, today's reversal pullback serves to test the breakout area at the upper boundary. Classic expectation is for immediate resumption of breakout direction up. Parabolic SAR dots and Klinger oscillator both agree at this stage. Am of the opinion that coffee could surprise with a crisply higher open Monday morning. Showing potential channel breakout and fork in context.


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