Coffee's primary trend has been down for 2 months and -7%. The play on coffee, regardless of the primary trend, remains a WATCH as long as
holds. Bulls want mark up, while bears want mark down. Few win during cause building.
Price needs to jump the creek or break the ice. Energy (DI & DI2) is the only reliable tool subscribers can use to anticipate these outcomes. A bullish energy build favors price jumping the creek, while a bearish one favors it breaking the ice.
Coffee Daily
Coffee's energy build is neutral. DI and DI2 are 15% and -1%. Price movement within cause building is too erratic for the disciplined trader, so the play has to be WATCH. Subscribers interested in coffee should be watching DI trend in the Matrix for clues about the future resolution of cause building.
Pub & Pro Indices are not showing any divergences.
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