Coffee - Downtrend starting (Update)

ICEUSA:KC1!   Coffee
304 4 11
A couple months back I suggested coffee             was preparing for a downtrend. I believe that now, the downtrend is starting.

Everything that I said in that chart (You can find it in the related ideas section) still stands.

The bearish change in behavior is confirmed, the class A bearish divergence on the MACD lines, histogram and Force Index is confirmed. The candle pattern aligns with the bearish indicators, as we have a dark cloud cover followed by a gap down.

Considering how bearish the chart looks, I would say that a retest of the 100 level is likely, but as always, it is not good to go ahead and predict the end of the world. Important support areas stand at 150, 120 and further down at 100.

Monthly study of coffee             It is bearish!
Hi vlad, you did a good job.
Now, What is your opinion about KC1.
Still bearish?
Yes, it still looks heavy
JimanKim vlad.adrian
Hi adrian. Long time no see.
You was right, great!
Now what is your opinion? It is going to 120-130?
Hi, i think it will bounce back to uptrend from tree possible levels 190,176,160 because foundamentals says the trend will be up for crop losses. Good analysis
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out