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Bitbloxx
Jun 12, 2019 8:40 PM

Coffee perfectly placed for rebuying  Long

Coffee C Futures (Jul 2019)ICEUS

Description

Taking support at daily kijunsen which coincide with 50% retracement of current rally, you would never like to miss a buy. In a bull run RSI at 50 needs to give support and it almost kissed that level. Re buying here can provide quick profits towards 100 and recent high. Fundamentally, Brazilian Real rallied big after we spotted bottom against USD at 4.10 . Coffee supplies still abundant.
Comments
Bo
Nice work, exciting interpretation, optimistic outlook~!~
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