Coffee futures for December (KCZ25) show a buying opportunity with prices rallying from July lows to a two-month high. Growing weather issues in major coffee-producing countries like Brazil and Vietnam have limited supplies, while demand, especially in China, continues to rise steadily. Technical support is at 320.00 cents.

A move above resistance at 344.70 cents in December coffee futures presents a buying chance with an upside price objective of 405.00 cents. The moving average convergence divergence (MACD) indicator is in a bullish posture. Supply chain disruptions have also impacted coffee supplies worldwide in recent years.

Read more at Yahoo Finance: Coffee Prices Just Hit 2-Month Highs. How Much Higher Can They Go Here?