COFFEE SHORTCould not hold support; broke below $94. Next target area is between $90 and $86. Use a tight stop above $95.
Coffee
Coffee Futures (KC1!) long.Targets and stops on the chart.
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ETFS Coffee before the 82% rise... I believe that based on my analysis, Coffee will start to rise. The rise begins with a rise from the W1 ATR axis. After leaving the ATR axis, the exchange rate can build a rising wave structure on the wave axis (green line). The size and size of the wave structure may be similar to the size of the wave crossing the wave axis previously. The rising target price is 1.2306 usd.
Coffee reaches accumulation levelsCoffee is trading near multi year horizontal support of 95 cents. While excessive supply and falling Brazilian real crushed the prices, there is ray of hope ahead. With price almost reaching 95 level which seems safe accumulation level, there can be gains in coming months. Farmers in Brazil are reducing coffee cultivation area will lead reduction in inventories in coming months. Price hovering near critical long term support risk to reward is very low for investing in coffee for some months.
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Coffee time?I've been stalking coffee in the background from many weeks. It's looking pretty ripe about now for taking a controlled loss (aka stop-loss). When coffee moves, it really moves. This is a longer time frame trade, which I do not usually get involved in - but it's probably time for me to get involved in one or two of these.
Coffee - Long Term Bull TrendCoffee as reached one of the most important support level ($100) promoting a huge long term bull opportunity.
Target price @144.25
SBUX BOLD CALL - COFFEE IS FUTUREstarbux attractive risk reward
secret sauce
sbux can explode to 90-as high as 106
Short position in coffee futures. Horizon: 4 monthsThis is another average position form our long-term investments, very risky, which is included in our bearish commodity group over the next 5-6 months, correlated with bullish equity markets, a bullish dollar, a bearish euro, and a bearish token market.
Get me a coffee: strong and blackI'm eyeing up a long entry on coffee. I'll look at trading this through the 3CFL ETF. If the trade goes as envisaged and hits my wave 3 target, it could yield 100% profit thanks to the leveraged ETF.
Disclaimer: This is not financial advice. Do not follow my trades. Do your own analysis, make your own trading plans. I am not an Elliot Wave analyst and only use the tool to map out a general idea of how price may move. Constructive comments are welcomed and encouraged.
So why am I taking this trade?
The recent move up from the late September low looks pretty impulsive and price is currently printing what looks to me like a bull flag;
As price has been falling throughout this year, volume has started to swell, giving clear bullish divergence
More recently, in the July to September period of this year, the swelling volume could be considered stopping volume
Price has bounced off the $96 dollar level (12 year low) a level which has previously been a springboard.
Monthly / Daily RSI and stochastic RSI look bullish
Why am I targeting $148 by end of year?
Historical resistance level
Confluence with specific, modest fib extension level
Use of fib time tool to project key dates for pivots
Any reasons to be cautious?
Weekly RSI and stochastic RSI look bearish
Price could possibly make a W bottom and even make a lower low, with strong bullish divergence on stoch RSI / RSI - which would provide another good entry for a long.
Stop loss?
Subject to the opening price on the ETF tomorrow, I'll consider placing a tight stop around the $110 mark.
Youngevity Is The Most Undervalued And Safest CBD Play!Bullish Flag with CBD innovation fueling the next swing up; great buying opportunity.
Summary from Article Linked:
Youngevity's market cap is less than 1x 2019 revenue without considering CBD.
The company seeks to create a field-to-finish hemp business.
Investors can make a CBD play knowing that the coffee and direct selling aspects of the company offer stability.
SBUX vs KC1! (coffee futures)Coffee prices seem to be reaching a pivotal point with possible break out. Starbucks has enjoyed decreasin coffee prices over the last decade. A break out in coffee could be good sign to short SBUX $BJO
Cheap Caffeine FixCoffee Futures fall today below 100, to 97.25, not seen since 2006. Producers, according to the CFTC COT reports, are net long some 80,000 contracts, an all-time high. These extremes in positioning are accurate contrarian signals, presenting a opportunity to bet on a rebound in future coffee prices over the next 6 month.
Coffee pullback coming soon KC1!The pullback must be coming soon, looks like it might have already started but will we see follow through from the bears this week?
SELL Coffee (Short Setup)Wait for confirmation of resistance from the upper trend line before the price heads down again.
This is supported by the high RSI level.
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Correction for Coffee FuturesAfter such a dramatic rise in a down trend the price is due for a correction downwards.
Also the RSI was very high as well so that supports this prediction.
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Long SBUXDirectional Bias: Long
Price Target: 62
Good Entry: 54-56
Risk/Reward: $2 max risk/$7+ reward
Bill Ackman on the comeback grind coupled with good technicals/price action. The daily 50 sma is providing rising support currently above 55. Trade Valid as long as 54 holds.
