So far, coffee has followed the price action we had expected and is finding support at the lower end of this channel. We have been provided with some lower TF entries and will likely continue to be. From here, we expect to flip bullish again and will be targeting the top end of the channel as shown.
Upon reaching the top of the channel, PA will decide our next...
Have a look at Coffee, doesn't be so happy as it smells. It's hooking around the trendline up like a Star waiting on falling down. Nobody knows , but it is possible, wait for it?
We have both technical and fundamental justifications as to why coffee is the next inflationary trade to jump into.
With supply chain issues and the seasonal changes in Brazil affecting coffee production and shipping, we can expect the value of the black breakfast gold to rise. Latin American coffee farmers are also reported to have gone on strike in the last...
