We have both technical and fundamental justifications as to why coffee is the next inflationary trade to jump into.
With supply chain issues and the seasonal changes in Brazil affecting coffee production and shipping, we can expect the value of the black breakfast gold to rise. Latin American coffee farmers are also reported to have gone on strike in the last...
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The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying...
... Again. Wait for it, tough! Let the U$D bottom vs. the Real, first, this being a pure currency play on the USD/BRL. (Fundamentals don't matter here; The market is balanced, nothing is happening - despite the occasional make-belief news flashes to the contrary.)
Made an awful lot of money on the way up here ;-) and now, it's time to cash in on the upcoming sell-off.
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...
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...
COFFEE has reached a confluence of strong support lines, so I am looking for a long opportunity.
Now, we can see that there has been a breakout of the downwards channel resistance upwards
This breakout was also a breakout of the neckline of the reverse head and shoulders pattern.
Now, we are waiting for the 4h candle to...
Coffee is back around the price of the beginning of the month.
Since OCT 2 we have a shy uptrend forming for coffee’s standards, in the 4h time frame (TF).
The price went up from its lowest of the current month and $104.90 to $113.35 (+8.04%) on OCT 12 and $111.70 (+6.45%) today so far.
The trend on the Higher TFs is still bearish and technically this is where...
Coffee reached our target at 120. However, there is still no signal the decline is done and we want to follow the trend. The support is broken and it makes me believe there is a big chance we can see a retest of important support/resistance near 104. So, if you still hold your shorts, consider adding trailing stops and let the good time roll.
