Hello,Traders!
COFFEE broke a local rising support
Then went down and is now back up
To retest the broken line which became a resistance
And I am expecting a local pullback
Towards the target below
Sell!
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Analysis
* Seeing a lot of consolidation patters before
* Obvious S&R lines to refer
* Market just dive after opening
* Assumed that it will make the same consolidation patterns
Plan
* Expiry = 9 days
* Hold = 1 day max
* Strategy = Naked Put
* E = 89.30
* TP = 88.12
* SL = 90.39 (wanted to reduce risk)
Journal
* TP = 87.72 (Changed plan because high volume...
Hello,Traders!
COFFEE is again retesting a key level
And the price action looks somewhat bearish
So IF we see a breakout then I think that
The price will go further down
Towards the target below
Sell!
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Type: Bullish Bounce
Resistance: 228.20
Pivot: 217. 40
Support: 213.15
Preferred case: Price is moving nearer to the pivot level. We are expecting the price to potentially bounce off from our pivot level of 217. 40 in line with 78.6% Fibonacci retracement and 161.8% Fibonacci extension towards our 1st resistance level of 228.20 which is in line with 50% Fibonacci...
Type : Bullish Bounce
Resistance : 227.70
Pivot: 221.75
Support : 219.20
Preferred case: We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.
Alternative scenario: Alternatively, price may break our pivot...
Hello,Traders!
COFFEE is trading in a local uptrend
And we saw the pair retest the horizontal key level
From where we are already seeing a bullish reaction
Which will continue I think, with the target
Of retesting the target above
Buy!
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✅COFFEE has retested a key support level
And as the pair is already making a bullish rebound
A move up to retest the supply level above is likely
LONG🚀
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test
Coffee is one of the world's most important cash commodities . Coffee is the common name for any type of tree in the genus madder family. It is actually a tropical evergreen shrub that has the potential to grow 100 feet tall. The coffee tree grows in tropical regions between the Tropics of Cancer and Capricorn in areas with abundant rainfall, year-round warm...
From November 2020, there is a very strong upward trend. Coffee prices remain high, we have broken the 2014 peak.
The price is moving in the main growth channel (green) with a divergence that started in August. (The situation was similar on Natural Gas ). We saw a high around $ 250, followed by lower highs and lower lows. Let's see if the new blue channel...
12.2.21 Coffee Lumber : framing coffee: Looking at Lumber moving to the 382. ( timed-out on the video...but you should get the gist of what I was saying ).
Hello my beauties.
The chart of coffee suggests a violent bullish breakout of a multi-year downward trendline. The price will probably continue its uptrend, but it is now signalling the beginning of a phase of re-accumulation; the price has reacted strongly with a sudden move to the downside that has stunned the price sideways. I will wait for further...
Coffee prices on Thursday extended this week's rally. Coffee has moved higher this week despite concerns about coffee crops in Brazil. Weather has predicted above-average temperatures in the coming month for Brazil's coffee-growing regions, which could further stress Brazil's coffee plantations. Recent frost events in Brazil have damaged coffee trees. Surveys...
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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. :)
Hello,Traders!
COFFEE broke the key weekly level
And then broke out of the bullish triangle
Continuing its bullish rally further up
Looking at the chart, the next strong level is around 176$
Which means that coffee can grow by about 8.5% more from the current levels
Until we see a meaningful pullback
However, the pullback will be short lived
As the current...
