The pattern looks terrible for Coffee, and it starts feeling like a move towards $ 160.00.
We are starting to pick up on selling pressure and Kagi is breaking downwards.
I feel selling @ 220.00 area and stop-loss $ 245.00 and profit order @ 175 would be the set-up.
The pattern is negative and we are trading below the cloud as well.
It feels we may see moving towards $ 180 again, and for that reason I would suggest a SELL strategy @ 215-220. The stop-loss to be placed above $ 237 for now. The profit order $ 180.
It is taking some time, but still feel that we should go further south.
we have regression channel support around $ 220. The S/H/S top patter seems clear, and the DMI is slowly turning to sell mode.
Strategy SELL $ 227-230 with stop-loss tight at $ 235. profit expectation is $ 187.
We have turned negative now, and I feel stronger down trend may be coming.
We may see $ 190-195 even.
Strategy is SELL current $ 227 and place stop-loss above $ 238 and profit order at $ 195.
Coffee is stalling $ 242-$250
The candle stick pattern seems to suggest we are going to to correct downwards coming days. We may see $ 225 > $ 200 as ultimately the objective.
Strategy is SELL current $ 243-245 for objective $ 205 profit area.
Coffee is medium-term very overdone, and market starts looking tired.
Patterns are providing support to see a decline coming week back towards $ 220 - $ 198
Strategy sell between $ 248 - $ 240 and profit order $ 202.00
The question is when will prices starts peaking.
Judging the cyclical time line and DPO the previous peak happened 77 bars before the peak from the beginning of the cyclical time line. This means around 20 December 2021 Coffee will peak.
Sell $ 240 $ 260 for move back to $ 180-190.
Coffee has started it's descending now, and the key is below 230.00 for further encouragement.
The stochastic are negative now for daily and weekly (the weekly has bearish engulfing pattern).
Strategy sell between $ 240-245 or add to positions for a move to $ 195. Stop-loss $ 252 above Gann resistance.
the medium-term picture of coffee is to correct over time. we should be seeing 200.00 levels again.
The current price $ 245 is above the BB and the RSI is way higher than the past corrections observed.
Strategy is to sell in small increments, and stop-loss (perhaps not needed due to the high level of RSI).
manage the position carefully, and take back positions...
Coffee futures are trading in the high Donchian top.
the Weekly RSI is quite high as well, and judging historical performance, it is quite likely we should see a correction coming up coming weeks.
Strategy SELL $ 230.00 and take profit around $ 180.00
... 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.
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.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. The Djinn Indicators work on all charts, for any asset category and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. The Djinn Indicators work on all charts, for any asset category and in all time frames.
Dates in the future with the greatest probability for a price high or price low.
