timwest
Long

Coffee Futures KCH2014 oversold in a new uptrend

ICEUSA:KCH2014   Coffee
323 8 6
It looks to me like Coffee             has had a pretty rough year as it has dropped in half.

Of course, coffee             is probably the 2nd most important commodity in the world, with the first being 'air'.

Either way, you can see the long term downtrend that was violated and the short term uptrend that is currently somewhat oversold at the lower end of the regression channel.

There are some ETF's that allow you to own coffee             futures , sugar             , corn             , soybean, and other futures .

This looks like a low-risk trade from here.

Tim 2:39PM EST Wed 1/22/2014
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Agree but also would not surprise if broke that up channel and put in a true double bottom
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timwest PRO StealthTrader
Agreed on your comment about a double-bottom possible. It might take a few tries to catch the bottom down here.
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Yes I agree 20MA crossed the 50MA about a month ago, good sign
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A heck of a trade -
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Didn't know you posted this 8 days ago. Worked out well for coffee and ag in general.
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TARGET REACHED! 133.35 +8.15 this morning
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$375 per 1 cent move in Coffee. 115 entry. 18 cents profit (133 exit) = $6,750 profit per contract. Max pain was 2 cents or $750. 9:1 realized trade P&L. Risk to stop was $3000. $6750 profit / $3000 actual risk. Average True Range (10-day) at entry was 2.88 cents. The profit was 6.25 average true ranges (18/2.88).
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second point, look the maps of the rains of Minas Gerais - Brazil.
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