hello guys welcome to my chart analysis for HARMONY as we can see it making trend down after making the head and shoulders pattern based on this and fibonacci levels and support in the red in chart we can take opportunitiess for this zone and take profit in the hi green lines
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...
Taking a page from Lumber futures back in May, coffee is the latest commodity to party like it's tech circa '99. I don't trade the "softs," but I did find a coffee ETN symbol: JO and may look to fade the caffeine rush when the extreme sell condition cools off. Hot coffee! DOn't get burned. :)
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.
... 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...
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?...
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.
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.
Not much data on this company because it has only been publically traded for 3 days but this company will be huge. They make disposable coffee pods that only take 35 days to decompose! This is a huge play compared to current plastic coffee pods. Betting on the sustainability!
Coffee after a 3 week structure and battle seems to be making a break towards the Fib 0.382.
The higher time frames still point down.
The ADX indicator shows uptrend but no strength yet (it usually has a delay on that).
The COT of Sep 29 shows a lot of long orders closed (-3745) and more short open (+3065) with net long positions to 54931 compared to 61741 of...