07th Nov - Coffee Falls to Long Term 76.4% Retracement
07 November 2013
MONTHLY CHART – CONTINUATION:
The downmove from 2011 peak has now reached the long term 104.00 76.4% retracement – we are on the lookout for support to emerge around here.
DAILY CHART – Dec-13:
Every rally attempt has been muted so far, and latest losses have brought price closer to the falling support line, at 97.20 currently. Whether this will be tested remains to be seen, and a rebound beyond the 117.95 10-Oct high would be the first sign that bulls were trying to take charge.
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