COFFEE : technical analysis.

At first glance, we can notice a break in the downtrend. This last one started in July.

The previous trend was bullish, see the parallel channel. 

The break of the downtrend is bordered by the two dotted lines (at about 95 and 100): the 95 value represents also the previous support line and the 100 value is fixed at the maximum of the black Marubozu candle.

The break in the downtrend is also highlighted by the flattening of the MACD indicator and by the proximity of the three lines of the BBs (in this way, the volatility is fairly limited). The real bodies of the candles are not so wide and there aren't so many shadows, compared to the previous ones. 

There are also two references: the top at about 125 and the bottom at about 87.

See the image below. 

Chart from Markets.com

If we use another timeframe, for example, 4H timeframe, we can get a focus.

The break (from August to September) in the downtrend is confirmed, too. The lack in the slope of the EMA bundle highlighted this concern while in the previous situations, the slope is so marked and the flattening is totally faraway. 

Chart from Markets.com

To conclude, pay attention to the two references at 95 and 100. In this way, there is a trading range area that can be used to set up a trading strategy. With the break respectively of the upper area or of the lower area, we could set up another trading strategy, bullish or bearish. As usual, it needs other signals that confirm that hypothesis.