AndreasMunz
Short

Turning bearish on KC

ICEUSA:KC1!   Coffee
Looking for some downside correction as we reached the upper trend channel IMHO

- Ran into resistance without follow through for today.
- Overbought on daily chart
- At upper BBands on weekly chart

NOTE:
- There is chatter of weather issues (drought) in Brazil, so I am cautious
- Also, 9 day MA crossed 20 day, 50 and 100day MA north, so that is bullish too
Trade closed: target reached: There is a little room to go on the downside, but the momentum is disappearing, hence it is not worth seeing coffee grind it out (LOL).

I am turning neutral and waiting to add longs via options for the first half of November or when the price reaches 115 or below.

Until then, I take profits and run.....
good job

tanks
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out