Bearish the Coffee future mostly flat today, trading at $160.5

Arabica Coffee is on a 12 day downtrend Today is looking a bit better: ICE Coffee trades at $160.5 per pound, after ending yesterday at $160.5.

Arabica Coffee's state is reflected by market data as United States ISM Manufacturing PMI (Jun) came out at 46, while a consensus of analysts was expecting 47.2. United States ISM Manufacturing Employment (Jun) released yesterday at 14:00 UTC with a figure of 48.1, while the previous figure was 51.4. United States ISM Manufacturing Prices (Jun) released yesterday at 14:00 UTC with a figure of 41.8, while the previous figure was 44.2.

Japanese candlestick formations show 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end.

Moreover, United States FOMC Meeting Minutes will be released tomorrow at 18:00 UTC.

Coffee reached a significant high of $243.4 around 10 months ago but has lost 34.06% since then.