Choppy but slightly up trending coffee. Buy at 183.80 limit. If filled, stop at 178.80 and target at 193
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
KC1 will probably hit the 184 it will go chase the last resistance and if it breaks through it it might hit the 180
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
Cotton has risen by quite a lot YTD. I believe it will continue going north. We'll see how it plays out.
Following the previous analysis on PEPPERSTONE:COCOA , this is the second try to short this parabolic move for a little risk and big potential reward. Late to send the analysis but here was the setup I took and I will hold as much as I can. I never try more than 2 times to short this kind of parabolic move and with proper risk management. Great Trade !
Currently, the PEPPERSTONE:COCOA (cacao) market has undergone a notable upside rally over recent days, culminating in a significant move towards the $6000 level. Today, we observed a precise hit of this key psychological level, followed by a clean rejection, prompting a short position. The primary objective now is to remain below this crucial $6000 level,...
Turmeric is trading near breakout zones of a decade the commocity witnessed a strong upmove the overall last few months move can be seen as healthy consolidation in the commodity at higher zones its bullish till 12400-12700 holds on downside
Cocoa prices are experiencing unprecedented levels amid supply shortages and weather challenges. Investors should monitor market developments closely, with a bullish outlook towards higher price targets. However, the potential for prices to reverse exists if weather conditions improve, highlighting the importance of staying informed and adaptable in this dynamic...
Buy march coffee 192.10 limit, if filled stop at 184.80, target Based on technical analysis, looking for a long side.
Commodities are a completely different kind of trading. They can get extremely violent and blow out people faster than you can blink! In this chart, we can see an erection move (accelerating as it rises) which is always followed by a correction. The question then becomes where and when the correction occurs. A topping M pattern is one such signal that gives us a...
Cocoa was the best performing commodity in 2023, recording a price increase of 64%1. Cocoa prices have continued to rally in 2024 crossing the threshold of US$5000 Metric Ton (MT) on 2 February 2024. The last time cocoa prices rose to this magnitude was in 1977 when it reached US$5379MT. A similar situation prevailed back then, adverse weather conditions led to...
Returning to the current price action, I see an upward movement from the low of 20.01 to the current high of 24.59, unfolding in Three waves. The price action doesn't seem quite favorable; what I mean is that there appears to be one of the Fibonacci Multiple Relationships that is not clearly defined, and it doesn't follow the common Multiple ratios. However, in...
Analyst: Shane Hua (CEWA - Master Candidate), Hi traders, today's forecast is on commodities. Well, commodities tend to experience rapid fluctuations, some of which bear similarities to Gold. Previously, I forecasted that Sugar would decrease to a lower level, and it turned out to be accurate. If I remember correctly, my initial target was 22.98. Now, I believe...
Entry Level: $190 Stop Loss: $186 Target: $195-$199.00 Analysis: The current entry level for initiating a short-term long position in US Coffee stands at $190. A prudent risk management strategy suggests setting a stop loss at $186 to mitigate potential losses in case of adverse price movements. The target range for this long position is set between $195 and...
Potential bearish scenario for the next days, lets see if we reach the swing low
Currently KC is in an upward trend, but if the red average indicated by the blue arrow is broken and we enter the green zone, we will open a sell trade.