Roenbaeck

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Markets Allocation
100 % commodities
Top Mentioned Symbols
KC1! 100% | 4
Roenbaeck Roenbaeck KC1!, D, Short ,
KC1!: Coffee set for Head and Shoulders
223 0 2
KC1!, D Short
Coffee set for Head and Shoulders

Judging by the trading on the last day of the year, the rebound we have seen was temporary and consisted of an ABC correction. If so, we have started wave 1 on a negative trend that will take us down to new lows. A hint to how long this wave will be can be given by a possible head and shouders formation, that would coincide with wave two and three. I'll stay short ...

Roenbaeck Roenbaeck KC1!, D, Short ,
KC1!: Next resistance about to be hit
135 0 2
KC1!, D Short
Next resistance about to be hit

We are about to hit the next resistance line and given that FA is indicating lower prices, this may be where the recent positive trend ends and turns negative again. Historically the recent trend has many similarities with the one that started in July that then quickly reverted back below the previous low.

Roenbaeck Roenbaeck KC1!, D,
KC1!: Testing the strength of coffee
227 2 2
KC1!, D
Testing the strength of coffee

Resistance from the long term negative trend lines will test the strength of the current positive trend.

Roenbaeck Roenbaeck KC1!, D,
KC1!: Coffee Arabica on the move
122 1 0
KC1!, D
Coffee Arabica on the move

Still long with a stop-loss below the blue dotted line? You may as well stay long! Crossing the dotted line we move into undecisive territory. Beware, monitor, and adjust your stop-loss accordingly. Dropping below the green up-trend channel bottom and we are likely on our way to break the psychological 100 mark as well, not stopping until we reach the red ...

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