Time to get ready bulls.... almost

ICEUSA:KC2!   Coffee
Starting to run into some support. Seasonally we are approaching lows as well in November.

For me time to start looking into a long position IMHO.

We are approaching the lower end of the trendchannel (valid since early this year), however there is an ups-sloping trendline that formed since the previous lows in September. I am also expecting this to be much of a grind and a bullish position will require some patience as bearish news dominate the market. Lot's of rain has provided good flowering in Brazil, but overall drought concerns remain as reservoir levels are still remaining on all time low levels.
Despite worries of global deficits, physical flow out of Vietnam and Brazil is quite steady with multi year high export volumes out of Brazil in October. IMHO this is more supportive to the market than anything else. Roasters cover what they need in fear of shortage.

Spreads on the ICE and in London remain depressed, indicating no sight of a shortage....

Overall mixed signals and no buy signals in place, but as we go lower I grow more bullish . In the meantime, good entry to start reversing hence I am going neutral IMHO

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
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