While USD/BRL short term indicators giving clear signal of correction to downside, Coffee touches its horizontal support. Trading at dirt cheap price and taking support, price seems to explode upside for quick trade opportunity. Brazilian real seems to get strength after falling as low as 4.12 against USD yesterday, which will push coffee prices up. Technically...
This is a pattern that is being repeated over and over again though the decades. Coffee reaches a peak within 280 - 340 on a parabolic rise, then starts to decline less aggressively on Lower Highs, and bottoms within 42.00 - 50.45. That's Coffee's market cycle and since 1974 we've had three, currently being near the end of the third, as we are just before the...
Hi there. This is a recent analysis for an undervalued commodity which is US Coffee KC1!. As you see from the weekly chart Coffee price reached the bottom bollinger band, after this price movement it is expected to bounce again for the median of 20 weeks of bollinger at targets the price of 101,5$. This signal is also confirmed from RSI which is at oversold price...
Coffee is trading near multi year horizontal support of 95 cents. While excessive supply and falling Brazilian real crushed the prices, there is ray of hope ahead. With price almost reaching 95 level which seems safe accumulation level, there can be gains in coming months. Farmers in Brazil are reducing coffee cultivation area will lead reduction in inventories in...
The pullback must be coming soon, looks like it might have already started but will we see follow through from the bears this week?
i think this is a very good indication of what the market wants to do
Coffee Buy Idea @Monthly Demand Zone (110.95 - 101.55) Buy Limit: 111.00 Stop Loss: 101.00 Take Profit: 126.00
TP hit on the previous short as Coffee C moved below the previous Lower Low at 112.00. The price is still on a long term 1W Channel Down (RSI = 41.160, MACD = -3.390, Highs/Lows = -2.5643, B/BP = -9.5600) with 1D now in need of printing a Lower High (Williams = -45.358, Highs/Lows = 1.2521) between 114 and 117.50. The next TP for our KCU8 short is 100.000.
Clear Channel Down on 1D within a greater bearish channel on the Monthly chart (RSI = 42.309, MACD = -6.170, B/BP = -9.6160). Having made a Lower High at 121.40, it is currently on the best spot for a medium term short to at least the previous Lower Low at 112.60.
you can wait fora breakout of this but could be faked out there's solid accumulation in the bottom of this range specifically. this might not start a bull run (but its looking good tho), at least looking good af for those targets
It appears we had a touch and fail at the base of the swing zone. Based on 2016, looks like another trip through the accumulation zone (Yellow Rectangle) is ahead, with a possible dip into the final shakeout region (Green Rectangle) before another attempt on the swing zone. In 2016, we saw 3 failed touches/peeks into the swing zone followed by chop back into the...
Coffee Buy Idea @ Weekly Demand Zone (116.35 - 111.85) Buy Limit: 116.40 Stop Loss: 111.75 Take Profit: 127.50
Remember we say there is money in your coffee? See our linked chart. Now it has breakout of the channel, retraced, this is a good buying opportunity.
In Singapore where i lived, there is more coffee shops to satisfy the most sophisticated drinker! From the most expensive to the local delight, we have a wide variety. I used to drink 7-8 cups a day until I became a vegetarian and stopped drinking. What is the monthly chart telling us ? 1. A triple bottom - 1975, 1992 and 2001 all lands at price level of 44.05....
The coffee has broken this small degree downtrend. Now it look overextended, so i'm expecting a correction before a potential wave up.
Long term looks very bearish - Supportive trend line (green) from started in 2002... broke down last year - H&S pattern set up - H&S neckline touched up but 1870 not taken out yet Looking at potential pull back to broken trend line (green), up into 3000