Seasonal tendencies are working against this, paired with U$D pressures as those continue to build.
Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
Comment:
Fixing to go Short, again (previous entry ended up a scratch - $0), as the fundamentals - above - haven't changed at all except now a lot of the funds are now stuck Long here! (Potential sellers at the first opportunity.)
Everything (fundamentals; declining demand, supply overhang, etc) still working against this, at least through mid Autumn. Then (and only then!) will this have the potential to rally into the season.
Comment:
This has a long way to go!
Stay SHORT!
Comment:
(once this gets going) it is one of the best money-makers out there, as usual;
... with still miles & miles left to go! (Waste not, want not.)
Here it is, up close and personal - the Daily;
Here it is, up close and personal - the Daily;
Comment:
Coffee (much like copper) has been very good to us all year long, and then some;
Every reason to remain SHORT here.
Trade active:
This is one of those instances where I forgot to update this one (and didn't realize it);
This was a FLAT (for +38.70 points in net profit) off of that support area at 155.00, as well as switching to a LONG (since yesterday) off of that Stop Hunt, with ~180 as the near term Long target.
This however, remains a long term Short! (Thus, do not load up long here if unwilling to keep an eye on it.)
This however, remains a long term Short! (Thus, do not load up long here if unwilling to keep an eye on it.)
@arl_capital
