Seasonal tendencies are working against this, paired with U$D pressures as those continue to build.
Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
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Arabica coffee futures in the US traded around HKEX:194 per pound after hitting an over 6-month high of HKEX:205 on April 18th, on...
The chart does not look great technically, with momentum to the downside, we also have over-supply on the market, perhaps due to the bull whip effect. Deflation can be real, just not all industries all at once perhaps. NFA, DYOR
No change in view and I think profit order might be lower to 200.00 > 190.00. Watch channel support line 217.00. The MA may turn negative and then the SELL strategy becomes strong.
For those still in need to sell, SELL $ 225-230 and profit $ 217 > 200-190.
Stop-loss above 237.00.
We are unable to even move a lot higher.
The stochastic is negative (even low level) and I feel that we may be selling current $ 234-236 with a tight stop $ 242 and place prpfit order at $ 217.
... 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.
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. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
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.
