hello everyone,
as we see the price of coffee run wild for years and coming to an interesting (rocky) plateau, we may be able to better quantify the effects of the economy "running hot" as seen by the consumption of caffeine.
- if rising costs of coffee comes in conjunction with other rising costs, inflation, gasoline, general higher cost of living, and...
Main Pattern: Weekly Reversal Head & Shoulders
Minor Pattern: Continuation Bearish Daily Head & Shoulders could confirms the Weekly Pattern
downside: the neckline is not horizontal
the trigger points are:
Daily 201
Weekly 199/198
Position working out well !
Let's continue seeking the higher levels !
Thanks for viewing ! This is not financial advice , please consider your own Due Diligence and Risk Management.
I have been talking about coffee futures a lot and looking for an opportunity. This chart follows the futures I have been tracking well and we just broke out.
Brazil's forests were ravaged this past year and I am expecting a perfect storm of dollar weakness and supply chain problems leading to a big spike.
Again, this is for all you coffee lovers out there.
It managed to bounce off from the trend line that it broke a while ago and went back to re-test it. If referring to the Elliott Wave count then we are starting wave 3 now.
There is not much to talk here as it is straight forward, really.
Also, we are done with summer and now going into cooler season. The...
I do like this product.
This is one of those seasonal commodities that everyone forgets to trade. Now normally, when we are starting to get into the colder season, then coffee consumption increases (logical), especially with places like Europe, Russia, North America, Brazil and Australia (and others, of course). So demand starts to appear.
Now looking at this...
