Coffee arrested its three day decline Friday by adding $2.2 (1.26%)

A quick look at Friday: Coffee improves 1.26% to close at $177.25 per pound Friday.

A "Bullish Engulfing" pattern — a scenario when a larger green candle engulfs a smaller red candle, at the bottom of a prevailing downtrend. Typically this is a signal of higher prices in the near term. The Coffee future's lower Bollinger Band® is at $171.9, indicating that the market is oversold and fertile for new buyers.

Examining the technical analysis landscape, Arabica Coffee might continue its downtrend in the short term.

Though Coffee is going up, other Softs are underperforming — Cotton is down to $78.18, losing $4, after ending the previous session around $82.18.

After hitting an important low of $151.1 approximately a month ago, the Coffee future has bounced back 15.85% since.