Coffee finally bounced and reclaimed $281, but no confirmation yet — could easily be a fakeout. If it holds above $281, next test is $300 resistance, the key level for longs. Break above $300 and we're looking at a bigger move, but that's a tough ceiling to crack.
If price loses $281 again, expect a retest of $264 support — that's where I'll consider adding to longs. Until then, watching for confirmation or invalidation at these levels.
#trading
If price loses $281 again, expect a retest of $264 support — that's where I'll consider adding to longs. Until then, watching for confirmation or invalidation at these levels.
#trading
