LEONES
Short

COFFEE bear

ICEUSA:KCH2015   Coffee
237 37 7
Coffee             started the bear trend in Dec2014. The current reaction offers an opportunity to enter short and capture the next wave down. The hourly chart clearly identifies an M-top pattern. Short at M base and target 160.0. Monitor momentum at breakout.

Related Ideas

VERY NICE , ALREADY SHORT AT 174
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LEONES PRO GenjiBalaji
great!
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Mickette LEONES
What´s about Nat Gas Leones? Do you see a near bottom coming?
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LEONES PRO Mickette
Hi Mickette! only if it reverses intraday today otherwise it is still a sell..
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LEONES PRO Mickette
seems more sell right now
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LEONES PRO GenjiBalaji
STILL SHORT? :)
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LEONES PRO GenjiBalaji
still in?
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COFFEE reached the target! MORE DOWNSIDE EXPECTED
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real342 LEONES
Holy crap. Where do you see the next level of support?
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LEONES PRO real342
good question...I have reached my target but below 1.60 there is ..1.00
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LEONES PRO real342
look at the monthly chart..! incredible
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Would you go long here for a short time?
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LEONES PRO docwesley90
hi, no I'll wait for another pattern to re-sell - trend is bear
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LEONES PRO docwesley90
now, for a long time
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LEONES, you still bear in COFFEE..?

i went LONG at 160-163 and planing to hold atleast untill 180 againg... whats your view.. on that..?

also please advise what is your downside target if the 160 - 159 support is breached..? i was thing of 148 - 146 as the next support...
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SenthilKumar SenthilKumar
any advice?
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GenjiBalaji SenthilKumar
Go long
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LEONES PRO SenthilKumar
I'm out for the moment - but waiting to short it. It's just moving in a range
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LEONES PRO SenthilKumar
counter trend not for me
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i exitited my longs when it went up to 165, i will wait for break below 159 to go short or break above 167 to go long... lets see...

Thanks
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LEONES PRO SenthilKumar
good move
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GenjiBalaji SenthilKumar
GOOD
I AM GIVING WEIGHT TOWARDS DOWN ONLY BECAUSE
WEEKLY AND MONTHLY LOOKS VERY WEAK
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LEONES PRO GenjiBalaji
yes this week could be the right moment
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bull giving up
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Thanks guys i exited because of you guys analysis.. and lucky i did, otherwise it would have been 5% lose... you guys saved me... thanks
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LEONES PRO SenthilKumar
did you enter short? :)
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no i did not, i was scared.. what i saw over couple of websites. 168 - 163 - 158 - 147 are key levels at the lower end... and possible trend reversal levels and also some few people are talking coffee going above 300 once this down trend is over... so iam a bit scared to short i am planing to wait for 149 - 147 level to go long... but i will check with you guys before entering
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real342 SenthilKumar
We're pretty close to that 149-147 range, waiting doesn't hurt. Carnival ends in Brazil today, so we might see some more "reports" soon.
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LEONES PRO SenthilKumar
strong bear market
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LEONES PRO SenthilKumar
just sell it, no point of waiting for a reversal here
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LEONES...although I didn't see this post and missed the trade it was one hell of a call! Nice job. I hope you road that horse dry? ;)
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LEONES PRO OffTheFloorTrader
yes sorry didn't have time to post this one..I'm shorting the beans right now! have a look
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ZSH2015 failed the move to the upside good time to short it.
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LEONES PRO OffTheFloorTrader
I think coffee will reach 100.0...
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i am doubt for 100 cents coffee
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SenthilKumar GenjiBalaji
iam expecting a turnaround from 143 - 140... lets see... i will take some long position at 143 and below with strict stop below 140 may be at 138.. just a try..
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LEONES PRO SenthilKumar
yes I agree, my target on the short is around 140.0. Note I have switched to the May contract, now 1.4580
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