I don't know about you but I prefer Arabica Coffee to Robusta.
It's sweeter, it's fuller and it's not that bitter.
Anyways, I sent out this trade idea in September 2021!
The price broke above the Falling Wedge and there were strong signs of upside.
This trade idea was a slow pace and anyone who held onto this trade, most likely would have made very little...
ROBUSTA COFFEE FUTURES MAY 2022 (RCK2022)
Long term strategy with D1
Sell at entry 2167, and waiting for resistance 2206-2231
Stoploss: 2288
Take profit" 2062
Robusta Coffee Futures (ICE EU: RC)
Trade : Buy
Entry : 1369
Target : 1995 (626, +45.73%)
Stop : 1290 (-79, -5.77%)
Posted on Sunday, December 27, 2020
Note : Coffee prices are likely to rise. The price flow is very stable. It seems that someone is managing the price well. If my prediction is right, resistances (targets) could be 1627 and 2007. Support could be...
I was stopped out on that last attempt but the technical picture is getting stronger! I have re-entered.
note: this is end of day data, that's why the profit/loss tool is in the particular place it is. Current price as I post this.
This is a scalp, a little less than 2:1 RR
I will most likely be out by that 50% Fib, my fav location. Quick to break even, quick...
I have been discussing this for over a month, the long anyways....price is starting to hit resistance. I think it will break but should retrace before doing so.
This is my trade idea.
Tried some ghost price action...ominous.
.... doubt it will happen this year. last year we had three severe frost scare days/weekend.
IMHO this market is where it is merely because of cautious buyers ahead of the season.
I see rangebound through July and if no frost happens more downward potential.
Technically speaking, the bull market appears to be over.
Looking for 130 area as a target of the recent decline in coffee prices.
Overall uptrend as indicated in upsloping orange trendline hasn't been broken yet
Spreads are weak as well.
Coffee nearing the orange support line around 122 (2nd month continuation, about 119-120 front month ).
Interesting fact about this correction lower from 134 to 122 is that this is the first time in a couple years that we actually have an up-sloping support line (orange line).
If the orange support holds this could mark a longer term trend reversal.
On the...
