Here 16-year charted weekly chart for COFFEE.

Observe a RED BULL FLAG where Coffee did BO (break-out) in 2021 and back-tested it during January-2023. Coffee recovered the black W-EMA(30) and resides above it right now. $COFFEE is entering or at its’ charted BLUE CYCLE-LOW which could be around the week of 10th of July. Interesting same TIME FRAME as formerly presented CYCLE LOW for COAL (via BTU); measured for 17th of July. So something is there as for TIME. As this is a weekly LT chart, the cycle can differ 1-3 weeks. So we are approx. within or entering the TIME-ZONE for a cycle low although hesitancy can be expected till that around-date.

Indicators (see thumbnail) looking promising where 3rd + 4th Horsemen (TSI, MACD) + TRIX have crossed over and are in positive territory (read: above ZERO-line). The two (upper) short-term Horsemen are above ZERO and expectations should be to crossover positive as well. Such is due to recent cool-off of indicators and pretty normal in a Bull Trend.

COFFEE has a PO (price objective) @ 4.34 approx. where BLACK FORK should be SUPPORTIVE showing direction.

IMO. DYODD.