Type : Bullish Bounce Resistance : 220.75 Pivot: 211.10 Support : 204.70 Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support...
Type : Bearish Dip Resistance : 233.50 Pivot: 221.45 Support : 202.30 Preferred Case: Price is near pivot level of 221.45 in line with 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 202.30 which is a swing low support. Our bearish bias is further supported by price moving under the Ichimoku cloud indicator. Alternative...
coffee futures, as I see in my graphic as a professional analyst the coffee market is trying to go up at this moment
I have not followed coffee for a while, and I think last update it looked we may see higher, but stalled and then followed by sharper fall. Not sure the connection to the current situation, and perhaps over supply may be the reasons. I am sure some of the connections can tell more. Looking at the chart, it feel we are basing again somewhere, and we have seen...
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sell the coffee and cash in your profit it should go down in the logic of my technical analysis
The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout. The next target zone will be around 250-255 USX.
Coffee is mooning and BTC still sleeps. Coffee too the moon! 🚀🚀🚀
See chart. NOTE : The thing about charting is IT IS BASED on probability based on historical price actions and patterns. But the market is forward looking and to restrict oneself to say that if the price moves to A, then it would goes to B, then C is not only myopic but also underestimate the Market which is ever changing. Price action could very well not...
Fundamentals: The coffee Market has been in a strong bullish trend ever since a frost hit the brazil coffee belt in July / August 2021, followed by a period of drought. This left the world´s biggest producer of Arabica coffee with huge productivity losses for the 2021/2022 crop. That results in a really tight Arabica balance sheet for 2022, which could get worse...
Entry on 8 Feb with SL on same day low Today trailing stop at neckline 245
We are still long since $ 243 and we are targeting $ 268 > 285 for now. If position new, BUY current $ 253 and place stop-loss below $ 230 for now (financial stop). Profit order first $ 268.
the market is for selling huge smomentum of sellers are entring
I think there is no volume but I think it's time to sell
a confirmed entry above 18 Moving average was good for a profitable trade 42% of the time since 2019 no target but usually I trail my stop at the low of prior two days...
Any coffee aficionado out there? Spotted at 151$ back in May 2021. Closing in on 300$ target right now. What inflation?
We have clearly violated previous DC high $ 235 and COFFEE will attempt to test $ 252 again, and I think we may see $ 265-270 area in the near term. BUYING into weakness is preferred, and I suggest we BUY $ 238-241 area preferred for a move to $ 270 profit target initially. Stop-loss should be placed $ 230 below for now.