This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (32 Commodities)
WE EXPECT CORRECTION MOVE UP .CAFFEE HAS REACHD SRTONGER SUPPORT AND NOW COULD REBOUNCE UP ONLY STRONG MOVE DOWN COULD BE SAY IS NOT THE TIME , WE PUT LONG BUT IF THE MOVE UP WILL BE WEARER OR SLOSE BELOV RESITANCE WE WILL FIND PLACE TO PUT SHORT SHORT IS SAFE STRATEGY OFCOURSE
This time, after a good sell, technical side is showing some signals for long opportunity.
Position is open from 154,6-155,4 levels; stop below lows (154).
Will closely watch for a next couple of days to get confirmation or denial.
Go Long if price breaks and holds above 165.25 level ( GREEN LINE).......with a Target Profit @ level 172.75 ( GOLD! LINE)
Go Short if price breaks and holds below 157.55 level (RED LINE).......with a Target Profit @ level 151.25 ( GOLD! LINE)
The strong rally of support at 134.90 is very encouraging for the impulsive count from 111.05. The next upside targets to look for is seen at 162.95 and 178.95, but the long term target remains at 233.80 as a huge flat wave is unfolding.
Only from 233.80 is the next strong decline in wave expected to take over ...
I am bullish Coffee since a series of bullish momentum divergences started to develop in February, March and April. As with other commodities, I am convinced that the early 2016 lows were important cyclical lows. I am therefore bullish Coffee long-term. The weakening US Dollar should further support the entire ...