"So where do U.S. coffee futures go from here?
At Tuesday’s settlement of $1.0508 per lb, analysts tracked by Investing.com still have a “Strong Sell” on U.S. coffee. The max downside forecast by the analysts is 99.45 cents while the top upside is seen at $1.0785."
MY VIEW :
Big buyers and big sellers at 103.8 - 103.20 base on U.
It looks like buyers was win at this level. My ideas if the market want to down lower than 103 base U. The market need to have some "DEAD BOUNCE CAT".if this happen, let carefully that market will be lower and hold lower.