Sell July coffee 213.95 on stop, if filled stop 223.75, 1st TP 209.75
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future...
Type : Bullish Bounce
Resistance : 222.25
Pivot: 216.00
Support : 210.80
Preferred Case: With price bouncing off our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 222.25 in line with the horizontal pullback resistance from our pivot of 216.00 in line with the horizontal overlap support and 78.60% Fibonacci retracement...
CORN ZC Futures 19 May 2022
Based on the HV measures from the last 5612 candles our expected volatility for today is around 1.59%
However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.99%
This is translated into a movement from the current opening point of 15.48
With this information our top and bottom , with close to 85%...
See picture for analysis
Evidence for Longs
Pros:
1) bullish with inflation
2) food shortages
3) potential storms going into summer which might kill coffee beans.
4) Trend = Uptrend so any longs will be trending.
Cons:
1) Price below + reacting off of the 200MA
2) hard to scalp on lower timeframes + commissions/ swaps can be high.
Type : Bullish Bounce
Resistance : 237.45
Pivot: 222.15
Support : 210.30
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.15 in line with the horizontal pullback support and 61.8% Fibonacci retracement...
Type : Bullish Bounce
Resistance : 237.45
Pivot: 222.25
Support : 210.00
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci...
Type : Bullish Bounce
Resistance : 225. 40
Pivot: 221.95
Support : 219.75
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 225. 40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback...
Type : Bullish Bounce
Resistance : 225.40
Pivot: 221.95
Support : 219.75
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback...
Short July coffee @ 209.70, if filled stop 218.00, 1st tgt 201.80
**Trading commodity futures and options involves substantial risk of loss.
The recommendations contained in this letter is of opinion only and
does not guarantee any profits. These are risky markets and only
risk capital should be used. Past performance is not indicative of future...
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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See other ideas below too!
The pattern looks terrible for Coffee, and it starts feeling like a move towards $ 160.00.
We are starting to pick up on selling pressure and Kagi is breaking downwards.
I feel selling @ 220.00 area and stop-loss $ 245.00 and profit order @ 175 would be the set-up.
The pattern is negative and we are trading below the cloud as well.
It feels we may see moving towards $ 180 again, and for that reason I would suggest a SELL strategy @ 215-220. The stop-loss to be placed above $ 237 for now. The profit order $ 180.
Type: Bullish Bounce
Resistance: 223.45
Pivot: 218.70
Support : 213.60
Preferred case: Price is near to the key pivot level. We are expecting the price to potentially bounce off from our pivot level of 218.70 in line with 78.6% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance level of 223.45 which is in line with 38.2% Fibonacci...
Hello traders, according to my graphical analysis of KC1! , there is a high probability of a decline towards support level showing on the chart .
thank you for watching the analysis, it will be great when you support it with a like, follow me for more market analysis.
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...
