Buy 39.75 SL 37.00 Inflation and commodity prices rising is likely not over yet.
According to Bloomberg, The Fed Is Entrenched in the Repo Market. "Since the rate on overnight repo spiked to 10% on Sept. 17 from around 2%, the central bank has been conducting overnight and term repo operations to help rebuild banking reserves, adding $237 billion of liquidity. It’s also prepared to inject up to $490 billion around Dec. 31." Since, the market...
I have just closed out a +8% trade and I am going long again. The initial fundamentals where: Brazillian drought US-China trade war increasing agriculture exports out of Brazil Weak $BRLUSD Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
We see massive short potential in Coffee (KC) because it is extremely overbought and the entire Commitment of Traders report is screaming for a Short.
Looks like a double bottom is being completed. Bullish reversal anyone?
Let’s kill the market today
ICEUS:KC1! Commodities are very volatile assets that can generate excellent profits if traded with discipline and awareness of their volatility. In this case we are monitoring the compression of the price that is represented by the symmetrical triangle pattern, often symptom of potential breakout with subsequent trend. We have set the alerts and we are...
Starbucks is being under heavy selling pressure since the start of September having fallen over -12% since its All Time High. This is not alarming for long term investors as the rise since July 2018 has been extremely aggressive (that aggressive that the Monthly chart is still bullish with RSI = 67.474, MACD = 8.570, Highs/Lows = 8.7721), but the selling isn't...
Fundamentals seem to be aligning up just perfectly (BRL strength coming up, current cyclical low yield year, solid to steadily growing global demand etc.), all the while the until-recently uber bearish chart already started to brighten significantly - to me at least! Reasons enough for a cautiously bullish view of things.. and for me to open a small position...
I will publish the fundamental analysis later. Technically, nice levels to have a cup of Coffee
Hi Traders, We are looking for a potential breakout on Coffee.
looking for a bottom from here or a little bit lower, ideally 98.30 would hold ** Just an idea, NOT a forecast
This is an excerpt from the Parallax Weekly premium report originally published July 15, 2019. "The net-positioning in coffee has surged, and the percentile metric is not suggesting it’s extremely overdone even though the one-year z-score is well above 2. The problem now is that coffee prices have declined from $116 to $106 with net-longs still in charge. There...
Coffee has enjoyed a nice 5 wave bull impulse mirroring the start of its sister wave (A). After the 98.40 gap fill (likely just prior to the July 31 FOMC), purchase December 2019 OTM Call Options (expiring November 8 2019).