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KC 6/29 ReviewCoffee finally seeing a breakout after spending most of June in a range. Sept. contracts finally seeing a close, albeit a small one, above the 100 mark. Temps in Brazil, along with some chatter about a frost, boosted prices today. Shipping delays are helping provide some near-term support as well. From a technical standpoint, prices closed almost right at the 34-day MA. Today's resistance also coincided with the 23.6% retracement off the March 26 break high / June lows. The shorter 9-day MA, which was flat over the last week, has started to turn higher as well which is supportive for an upward trend. Overall, fundamentals are giving a bullish tilt to prices here as frost concerns have historically been the catalyst for further upside. A close above 103 points to a retest of the 38.2% retracement at 108.45.
ICEUS:KC1!Long
by bucketshopper
COFFEE FUTURES (KC1!) Monthly, Weekly, DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable. This is not trading advice. Trade at your own risk.
ICEUS:KC1!
by Dinjin
Commodities Uptrend Incoming? | CRB Commodity Index ($TRJEFFCRB)✨ Drop a comment asking for an update, we do NEW setups every day! ✨ Like, Comment & Follow to help the community grow 🎉🎉 --- Commodities have rallied into resistance. We are currently looking for a pullback to the last support range. To chart this we are looking at the Thomson Reuters/CoreCommodity CRB Commodity Index (TRJEFFCRB), which is an index comprised of 19 commodities: aluminum, cocoa, coffee, copper, corn, cotton, crude oil, gold, heating oil, Lean Hogs, live cattle, natural gas, nickel, orange juice, silver, soybeans, sugar, unleaded gas, and wheat. For those who want to trade the price action, one could take a position with Commodities ETFs like Invesco DB Commodity Tracking (DBC) and First Trust Global Tactical Commodity Strat ETF (FTGC). With that said, we aren't trading this one, we are just looking at levels. Although the trend is still bearish overall, it is interesting to see commodities trending up to resistance as money is being created by central banks. It is a longstanding economic theory that inflation should cause an increase in the price of commoidites, and that commodity price increases are a leading indicator of inflation. While the correlation between commodities and money printing hasn't been noticeable in recent years, COVID-19 has changed things up a bit and it'll be interesting to see if old trends repeat or new trends emerge (consider things like recent meat processing issues increasing the cost of meat, and the recent temporary drop in the price of oil to zero). Although the trend is currently bearish, we are only looking levels of interest. We see two relevant support levels, S1 and S2. S1 would be of particular interest if commodities were going to officially start trending up. If we do get more upside, R1 and R2 are both levels to watch. R2 specifically represents the bottom of the previous range before COVID, and seems like a logical target in an uptrend. To sum it all up, tracking commodities can help us to make profitable trades, either on specific commodities or baskets of commodities via ETFs like the ones noted above, but it is also academically interesting. Could a spike in commodities prices now signal coming inflation from an increase of the money supply? Should we be filling our freezer with OJ and beef to avoid higher prices in the near future? Or, should we just be looking for bullish continuation or bearish consolidation to help us find a nice setup on oil, coffee, and gold? Resource: mises.org + www.investopedia.com
TVC:TRJEFFCRB
by AlphaBotSystem
Luckin Coffee - Hard time finding one in ChinaBeyond Technical Analysis I am back from my 2-week trip to China, where I spent time in Beijing (China's capital), Shanghai, and a few days in Hong Kong. My experience: Its presence is non-existent. In terms of how many stores, as well as the quality (size, location, etc.) I saw over there, I found Starbucks to be the most important coffee. Another coffee shop I found to be very attractive was named Costa Coffee. I also talked with people living in the main parts there, and no one seemed to know, or care about Luckin Coffee. I would be careful with what news we hear; since before the trip I was expecting to see a Luckin Coffee store in every corner.
LShort
by dorfmanmaster
Amazing Opportunity To Go Long Chinese $LK (Chinese Starbucks)I will keep this brief > Just wanted to give some bullets. I believe the Plunge has resulted in a major overreaction and the current 4-6 levels provide a great opp for longs. The risks of further downside have been mitigated by recent corporate action to right the ship. THE BAD NEWS IS BEHIND AND STOCK HAS PLUMMETED 85%+ IN RECENT DAYS 1. The 300 mil accounting flub doesn't equate to the 6 Billion that was wiped off it's valuation 2. It's very Bullish that a independent 3rd party will now verify all numbers going forward 3. The scandal hasn’t dampened Chinese customers’ love for the company and they continue to choose it 4-1 over starbucks 4. China's Coffee Craze is just starting , on average 1 cup per person per year vs in comparison U.S. is at 400 cups per year and countries in Europe like Norway and Sweden are above 1,000 cups per year China's coffee market therefore offers boundless potential. The coffee market is growing by 30% annually as the younger -mid demographic is choosing Coffee over Tea 5.Has over 4500 stores a larger footprint the Star bucks which has around 4000 qz.com
LLong
by InvisbleHand
5
Luckin's not Lucky...Breaking today, Lukin's COO (Jian Liu) said to have fabricated sales in a massive overstatement of 2019 revs. But by how much? Previously stated sales in 2019 were 2.9 billion yuan ($413 million). Overstated 2019 sales by about 2.2 billion yuan ($310 million). So essentially... -75.86 % of their revenue was overstated! Incredibly surprising... but this goes to show how easy it is to obfuscate information and not have someone follow up with fundamental research. Worrisome for the region as well.
LShort
by CrosbyVenture
4