Coffee holds steady as price remains above short- and mid-term averages

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Coffee dips 0.81% to $299.77 today

Highlights

Coffee futures show strong short- and medium-term bullish momentum, despite remaining in a longer-term bearish trend.
Key technical support is identified at $290.76, with the projected trading range set between $292.2 and $307.34 for the next 2–3 days.
Technical indicators suggest buyer dominance and high probability of further upside, while short-term oscillators reflect mixed momentum and potential overbought conditions.

Buyer dominance as immediate support holds amid mixed short-term signals

The $290.76 Ichimoku Kijun level serves as immediate support. On the hourly chart, a strong upward momentum is observed with buy signals from both the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX), while the Awesome Oscillator also confirms the prevailing positive tone. The Relative Strength Index (RSI) is at 64.3, indicating buy conditions, but short-term oscillators show mixed signals: Stochastic RSI is oversold and the Commodity Channel Index (CCI) remains neutral. Bull/Bear Power is overbought, highlighting active buyer dominance intraday.

Sideways outlook as strong upside probability shapes short-term range

Over the next two to three trading days, coffee prices are expected to remain within the $292.2–$307.34 range based on typical volatility. The likelihood of an upward move is classified as very high (over 80%), while the probability of a downside move is seen as very low (under 20%). The baseline scenario projects sideways action within this corridor; a breakout above resistance may lead to further gains toward the upper end of the range, while a breach below immediate support would introduce renewed downside risk.

Viktoras Karapetjanc, expert at Traders Union, highlights the current strong buyer momentum in coffee, as seen across multiple technical indicators. He sees price action holding above critical averages with positive intraday sentiment, while the broader structure suggests mixed but improving momentum. Karapetjanc believes the $292.2–$307.34 range is likely to contain price action in the near term, with upside favored strongly. "I expect coffee to continue trading with a bullish bias, and any breakout above resistance could lead to fresh gains in the coming days."

Earlier, analysts noted that coffee futures exhibited strong short-term bullish momentum despite lingering longer-term technical resistance. The current setup strengthens this outlook with fresh intraday buy signals, suggesting traders should closely monitor the $307.34 resistance for a potential breakout in the coming sessions.

Source of Data: KC Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.