Long try for a new high / testing old high
... and nothing more. Coffee remains a pure currency play on the USD/Real. - And with the Central Bank of Brazil hiking rates faster than any other central bank, this is mostly a one-way trade going into the seasonal peak. Fundamentally, there is no evidence (0, zilch, nada) that there would be any supply issues at present - despite popular misconceptions to the...
Hello,Traders! COFFEE futures are now retesting the daily resistance level again And I think there is a good chance for us to see a pullback To retest the nearest local support Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Coffee price have fallen into bargain basement levels following recent EU lock-downs. However, Brazilian supply dynamics remain bullish, the Brazilian currency just broke its 6-session losing streak, and the EU will eventually be open for business. So when things seem to be at their worse, now is the time to buy. Best option: buy vertical call spreads. I like...
Coffee is forming a descending triangle in the daily/4h chart. Also, the price is at a major support/resistance level. There will be a retest at 130-131 level. If rejected again, most likely the price will fall down to the 115 level in the short-mid term. There is a good support level in the weekly chart, most probably this will hold and coffee could become...
Hello,Traders! Coffee hit strong horizontal resistance While trading in a bear wedge pattern And now we can see a conclusive breakout Which makes me bearish biased And I am expecting bearish continuation After the pullback To retest the lows of the wedge Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
COFFEE Long limit entry 131 SL 122,4 PT 147,7 BE 139 RRR 2:1 ICEUS:KC1!
Could Coffee drop to $0 (or even go negative), much like crude oil did not too long ago??... You be the judge. While currently long (a generational speculative bubble and all), this is likely the one to watch for one of the greatest Short Setups in ages! Here is the Monthly. See it, yet?... No?! The Quarterly; How about now? Still no?! Let me zoom in for you.
KAVA has moved fairly modestly until today. Now the attitude may be changing. If this remains as the daily candle this is the strongest green candle since ... well, a long time. The best place for entry may be after the resistance has been successfully taken over and retested. Now the Cup is full and the Handle is solid. Volume is high, KAVA is ready. DYOR,...
As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if...
We have a breakout in TATACOFFEE when the market is flushing down gains.....that's stock market for you
KC=F has been in a vicious bear market just like many agricultural commodities. There is a down trend line since May, 2011. It is getting close to the apex of the symmetrical triangle as well. If it breaks up, it will be pretty bullish and it may be the start of new bull market in Coffee.
This is good for 20.00, strait to 110.00! The Real has stayed suppressed, at least until now, nevertheless, this is a major short here. Here is the Weekly; Chances are that this is headed much much lower from here.
Peppermint mochas out of season? oh well Starbucks released 5 new drinks to start off 2021! Now with earnings coming up we could see a nice rally. Sitting at the bottom of my channel here, could see a nice bounce near 101 and break of the recent downtrend line to retest ath, break over 107 I can see 110. Trading plan annotated in the chart!
JO is breaking out of small bullish falling wedge. It was objective to enter the trade as it was falling onto pretty good support at $35.25ish. Looking for follow though green candle tomorrow. $38.80 would be next stop and hopefully to take out top of trading range at $40.70. As you see, JO trades to the technicals pretty well. So, I hope it will be a good trade.
Just broke out of weekly resistance. Last time this happened, it went 4x (where we are rn). If no lose high 80's prob gonna keep going. Green areas are targets. Timing? I have no idea but unless people stop drinking coffee, im pretty sure your grandkids gonna be glad you bought.