Coffee still in Bearish trend in weekly and monthly basis. So its time to take this action to make some profit. I'm watching coffee index and its almost 100% correlated with other coffee futures.
Coffee moving gracefully upwards both on H4 and D1 does not show signs of trend change at the moment.
Did this analysis on Thursday and forgot it there without entering the trade... well done!
I see a Long movement continuum hammer in the last session on the coffee ..
Let see if Monday will be able to break zone 130/132 zone, a dense resistance zone
COFFEE KCU17 - Sep '17
In the medium term it is
LONG from 06/29/2017
from 125,32
Flat Under 124.71
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 132
R2 = 130.90
R1 = 129.40
PIVOT = 127.00
S1 = 124.60
I see a Long movement continuum hammer in the last session on the coffee ..
Let see if Monday will be able to break zone 130/132 zone, a dense resistance zone
COFFEE KCU17 - Sep '17
In the medium term it is
LONG from 06/29/2017
from 125,32
Flat Under 124.71
CROC X1 - Supports / Resistances - Multiday (TF - 1H)
R3 = 132
R2 = 130.90
R1 = 129.40
PIVOT =...
Started on the 29/6 the mid-long period LONG with target around 140
COFFEE KCU17 - Sep '17
LONG from 29/06/2017
From 125.32
Flat Under 124,86 (stop loss)
SHORT Under 122.60
Stop SHORT that close daily> 122.15
COFFEE KCU17 - Sep '17
CROC X1 - Supports / Resistance - Multiday (TF - 1H)
R3 = 133.4
R2 = 132.00
R1 = 130.90
PIVOT = 130.15
S1 = 129.40
S2 = 124.60
Started on the 29/6 the mid-long period LONG with target around 140
COFFEE KCU17 - Sep '17
LONG from 29/06/2017
From 125.32
Flat Under 124,86 (stop loss)
SHORT Under 122.60
Stop SHORT that close daily> 122.15
COFFEE KCU17 - Sep '17
CROC X1 - Supports / Resistance - Multiday (TF - 1H)
R3 = 133.4
R2 = 132.00
R1 = 130.90
PIVOT = 130.15
S1 = 129.40
S2 = 124.60
Coffee is back around the price of the beginning of the month.
Since OCT 2 we have a shy uptrend forming for coffee’s standards, in the 4h time frame (TF).
The price went up from its lowest of the current month and $104.90 to $113.35 (+8.04%) on OCT 12 and $111.70 (+6.45%) today so far.
The trend on the Higher TFs is still bearish and technically this is where...
Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the...
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...
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...
Coffee is forming a descending triangle in the daily/4h chart. Also, the price is at a major support/resistance level. There will be a retest at 130-131 level. If rejected again, most likely the price will fall down to the 115 level in the short-mid term.
There is a good support level in the weekly chart, most probably this will hold and coffee could become...
