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WolfeDayRocker
Apr 15, 2019 5:32 PM

High Probability Setup on Coffee with Volume Profile Long

Coffee C FuturesICEUS

Description

Please note Swing or Trend trading on Futures product may require maintaining position beyond Futures Contract expiration.

https://www.latimes.com/food/la-fo-price-of-coffee-20190204-story.html

An older articles but relevant as there are 1-2 years price lag due to the natural of supply and demand of coffee global supply chain.
https://thecoffee.blog/all/why-is-the-coffee-market-price-so-low/
Comments
Hobby_trader
That prices ~65-75 were 15 years ago. Since then, wages and production costs have not become cheaper either. Therefore, old prices are not relevant.
The prices are still low enough.
WolfeDayRocker
@Zolchello,

Will be watching how the price action goes for this one before embarking on a longer term positional trade.

I always follow the rule of

1. When it is downtrend, the more a support is being tested it will become weaker.

2. Similarity in an uptrend, the more a resistance is tested, it will become weaker.
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