COFFEE May Reverse! Here is Why: COFFEE C FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) ICEUS:KC1! VasilyPonomarev coffee is extremely bearish since September. we saw a sharp and strong decline during the last two month. however, just recently the price has reached a major daily support level . chances are high that we will see at least a pullback from that. I am waiting for a 4H candle close above 107.1 level. it is a horizontal neckline of an inverted h&s pattern. after the breakout I will buy the market on retest. goals: 110.65 113.0 (if neckline is respected and price drops below the head, setup will be invalid)