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.
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed higher at 125.25 ct/lb. Arabica coffee prices, although they could not reach them, approached the highs of August.
The USDA reduced world coffee production...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed higher at 121.60 ct/lb.
The International Coffee Organization ICO reported that world coffee exports for October were 3.19% higher than the same month last...
KC after the last impulse at 134 level retraced back until the 0.786 of the previous leg at the 102 level.
From there the market started a new leg up until the daily resistance at 124.
Price retraced back and moved in a range between the 0.382 over a support and the resistance structure and recently broke above.
IF the price will not break below and give us new...
This is what your portfolio should look like. Then you will Always have some assets that gain when others lose and whenever something has crashed and started to turn around, you can just sell the assets that have gone well under the same period and buy more of the assets that have crashed.
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed lower at 117.55 ct/lb.
The National Federation of Coffee Growers of Colombia reported that the country's coffee production for November was 63,000...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Yesterday, ICE US coffee futures closed down sharply - 3.93% to 118.45 ct/lb.
In 3 days, Arabica coffee almost erases Friday's 6% rise. According to the latest reports, the passage of...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed sharply higher at 124.30 ct/lb. Arabica coffee ended the week up 6% on Friday with a combination of factors, concerns about the upcoming Brazilian and...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed higher at 118.05 ct/lb.
Hopes for a vaccine are fuelling the markets, and Pfizer and Moderna have announced very encouraging results. Many countries,...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed higher at 112.20 ct/lb.
Hopes for a vaccine are fuelling the markets, Moderna announced on Monday very encouraging results. The pandemic continues...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed higher at 106.95 ct/lb.
The pandemic continues unabated, we have just passed 50 million cases worldwide, with over 1.250 million deaths. Faced with...
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TECHNICAL ANALYSIS OF ARABICA COFFEE
Last week, ICE US coffee futures closed lower at 104.35 ct/lb. The worsening health situation with a sharp increase in covid-19 cases in the USA and Europe has strongly impacted the markets...
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...
