Artem Voloskovets
⬤ Coffee futures keep running into the same ceiling. Every time prices try climbing back toward the 50-day exponential moving average, sellers show up and push them back down. The chart tells a clear story: COFFEE can't break through this technical barrier, and each attempt just adds another rejection to the pile. Thursday and Friday both saw rallies fizzle out at the exact same spot, with Friday's bearish engulfing candle making it crystal clear who's in charge.
⬤ The selling hasn't let up. Prices stay trapped below both the 50 EMA and the top of a descending channel, meaning buyers can't get any traction while sellers keep pressing their advantage. Every bounce gets smacked down, leaving those telltale upper wicks that show failed breakout attempts. The pattern's consistent: try to rally, meet resistance, fall back down.
⬤ This matters beyond just coffee traders. When commodity futures keep hitting technical walls like this, it reveals how market psychology is shifting. As long as COFFEE stays capped below that moving average, the message is clear—traders are selling into any strength rather than betting on a turnaround. That cautious mindset tends to spread across agricultural markets, keeping everyone on edge about whether commodities can find their footing.
Artem Voloskovets
