COFFEE Bullish Bias! Buy!
Hello,Traders!
COFFEE broke the key weekly level
And then broke out of the bullish triangle
Continuing its bullish rally further up
Looking at the chart, the next strong level is around 176$
Which means that coffee can grow by about 8.5% more from the current levels
Until we see a meaningful pullback
However, the pullback will be short lived
As the current price surge in coffee is due to the drought in Brazil
Which led to the corp failure of up to 100% in some areas
Thus, the 176 level is not the limit!
Buy!
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