After five days of going down, Coffee is flat today, hovering around $182.55

The Coffee future trades at $182.55 per pound, after ending Friday at $183.

Coffee's upper Bollinger Band® is at $198.67 and the lower is $178.23.

Despite muted price action in ICE Coffee, chart analysis indicates it is positioned for a bullish run in the short term.

Moreover, United States Retail Sales is projected to outperform its last figure with 0.7%. It previously stood at -0.6%; data will be released tomorrow at 12:30 UTC. United States Core Retail Sales is projected to outperform its last figure with 0.4%, having previously been at -0.4%. The figure will be published tomorrow at 12:30 UTC.

Arabica Coffee has recovered 21.11% since descending to a significant low of $151.1 around 3 months ago.