December coffee futures present a selling opportunity due to recent price weakness. Prices have dropped sharply, rebounded slightly, and are now pausing, possibly forming a bear flag pattern. Improved weather in Brazil has led to increased coffee supply, easing market concerns and pushing prices down. A move below 350.00 cents would give bears more power, with a downside objective of 270.00 cents. Resistance is at 380.00 cents. Trading futures is volatile and risky, so consider your financial situation and risk tolerance before investing. Jim Wyckoff does not hold positions in securities mentioned. Source: Barchart.com.

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