#COFFEE

Coffee closed the week at all-time highs, reflecting strong bullish momentum as price consolidates near ascending channel resistance. 

The consolidation just below this key resistance suggests buyers remain in control, with last week’s bullish continuation candle signaling the potential for further upside. 

While the RSI at 75 indicates extreme overbought conditions, it’s important to note that overbought levels can persist during strong bullish trends, as bulls maintain dominance. 

Price action has yet to confirm a bearish pivot, suggesting that sellers have not gained any control, and the risk of a pullback remains secondary to the prevailing bullish momentum for now.

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