December coffee futures present a selling opportunity due to a bearish “head-and-shoulders” top reversal pattern. Global coffee supplies are increasing, leading to higher production in major coffee-producing countries like Brazil and Vietnam. Prices are likely to fall as demand won’t match supply, creating pressure on coffee futures.

A move below chart support at 367.00 cents in December coffee futures could lead to a selling opportunity, with a downside price objective of 295.00 cents. Technical resistance is at 400.00 cents. It is important to assess the risks and volatility associated with trading commodity futures and options before investing.

Read more at Yahoo Finance: 1 Way to Trade Cold Coffee Prices Now as Global Supply Fears Percolate