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STIADAYSOFPAST
Apr 4, 2017 2:07 AM
COFFEE ARABICA (BKC)
Long
DJ:DJCIKC
1D
Dow Jones Commodity Coffee
DJ
Description
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Apr 4, 2017 2:07 AM
• Entry at completion of Batt pattern @127.27
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016:
bloomberg.com/news/articles/2017-01-15/brazil-s-drought-deja-vu-makes-coffee-the-2017-commodity-winner
Comment
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Apr 4, 2017 2:10 AM
Comment
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Apr 10, 2017 10:19 AM
- Same as last week
- Expecting prices to complete Bat pattern. Entry price @ 127.21
- The CD leg is a pennant
Coffee
arabica
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