May ICE coffee (KCK26) futures are presenting a selling opportunity as prices hit a 5.5-month low. The MACD indicator shows a bearish posture. Global coffee prices are declining due to increased supplies from Brazil and Vietnam. A move below $2.9855 in May coffee futures could trigger a selling opportunity with a downside target of $2.4000. Technical resistance is at $3.2250. Jim Wyckoff did not have positions in the securities mentioned.

Read more at Yahoo Finance: Why Are Coffee Prices Falling, and How Much Lower Will They Go?