Coffee COFFEE technical analysis

Coffee is in a confirmed downtrend, with price trading well below all daily moving averages, and momentum is strongly bearish as indicated by oversold RSI readings of 22 on the daily and 25 on the 4-hour. The 24-hour decline of -0.83% reflects persistent selling pressure.

Price is battling directly with the 4-hour support zone at 289.311-290.189, which has been tested only once, while daily support at 290.611-291.489 also holds one touch. Resistance overhead is denser, with the 4-hour zone at 296.45-297.8 showing four touches and the daily zone at 298.8-301.5 showing three touches, creating a heavy ceiling.

For bulls to regain control, price must hold above 289.311-290.189 and reclaim the 4-hour resistance at 296.45-297.8, ideally on a break of the daily zone at 295.511-296.389. Bears need a decisive close below 284.811-285.689 to open a path toward the 2-touch daily support at 283.811-284.689.