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Coffee futures
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Posted 8/1/2020 10:20 (#8408633 - in reply to #8408121)
Subject: RE: Coffee futures

Weekly is in an area where it could form a reaction high. The monthly is close to a breakout. Looks like it may take a stab at the 25% line from high to lows, anything above that is a major breakout. Still pretty close to the lows here so once the weekly pivot is formed you can use that as a measuring tool for the downside and for protection of new contract lows.

The reaction high would be three bars. 


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