July coffee futures (KCN25) present a buying opportunity on more price strength 

See on the daily bar chart for July coffee futures that prices are trending higher and this week hit a four-week high. See, too, at the bottom of the chart that the moving average convergence divergence indicator has just produced a bullish line crossover signal as the red MACD line crossed above the blue trigger line. The coffee bulls have the firm overall near-term technical advantage.

Fundamentally, rising global consumer demand, including for specialty coffees, combined with less-than-ideal weather patterns in world coffee-growing regions the past several months that have reduced production, are pushing coffee prices higher. There are also logistical and transportation issues in the coffee industry at present.

A move in July coffee futures prices above chart resistance at this week’s high of 392.50 cents would become a buying opportunity. The upside price objective would be 455.00 cents, or above. Technical support, for which to place a protective sell stop just below, is located at 360.00 cents.

IMPORTANT NOTE: I am not a futures broker and do not manage any trading accounts other than my own personal account. It is my goal to point out to you potential trading opportunities. However, it is up to you to: (1) decide when and if you want to initiate any trades and (2) determine the size of any trades you may initiate. Any trades I discuss are hypothetical in nature.

Here is what the Commodity Futures Trading Commission (CFTC) has said about futures trading (and I agree 100%): 

Trading commodity futures and options is not for everyone. IT IS A VOLATILE, COMPLEX AND RISKY BUSINESS. Before you invest any money in futures or options contracts, you should consider your financial experience, goals and financial resources, and know how much you can afford to lose above and beyond your initial payment to a broker. You should understand commodity futures and options contracts and your obligations in entering into those contracts. You should understand your exposure to risk and other aspects of trading by thoroughly reviewing the risk disclosure documents your broker is required to give you.