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COFFEE – Mid Term Forecast

Coffee just triggered the signal we outlined in the latest Commodities Digest, and it’s one that deserves close attention. This development could mark the beginning of a significant move—one that’s been quietly building beneath the surface. In this update, we’ll break down what the signal means, where it might lead, and what to watch for next as the setup unfolds.

CANDLES

After bottoming on several smaller frames last week, coffee significantly boosted its bullish outlook by printing a Bullish Engulfing on the 5D chart. If the current momentum continues, a Tower Bottom could form on the weekly frame this Friday—potentially signaling a major mid-term trend reversal.

The technical momentum is noteworthy: the daily MACD just completed a bullish cross at its lowest recorded magnitude, strongly suggesting that larger bullish crossovers may follow.

ELLIOTT WAVES

Coffee has initiated what appears to be a potentially significant wave upward, with the scope for a 50–70% rally if the current structure holds.


Happy Trading!