Coffee - Weekly Swing Bottom Due Now

[FDateTrader]

This week (ending 11/14) is expected to produce a weekly swing bottom based on historical cycle patterns.

At the time of this post, the weekly/daily low is sitting on support based on a 270-degree drop from the week 10/10 top high.

Whether this support will hold or not is uncertain (of course). But the 'probability' is still pretty good for some sort of a rally in prices off the low formed this week.

:clap:

 

[verial]

I don't know, man. I've been watching coffee ETNs for awhile, and all I see are bearish signals. The candlesticks, the stochastics, the overall trends... they all are bearish.

Maybe you think it's oversold? I doubt it though....