The
KC1!
have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
KC1!
have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below. According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
Trade active:
The next bullish chart pattern is about to be resolved. Look at the underlying instrument for this:
www.tradingview.com/...ting-to-be-resolved/
www.tradingview.com/...ting-to-be-resolved/
Trade closed: target reached:
Closed manually and completely. It could be that the price is still rising until summer but for now I expect rather a correction and sometimes it's good to log in your profits. ;)
