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Coffee

Coffee under pressureThe chart shows coffee in a weekly chart over a very long period of time. At the very least, you can see very clearly how important it is to draw support and resistances and trend lines. You can clearly see the trend line that has already been successfully tested more than 3 times. However, there is also an opposite trend line which limits the coffee price into an increasingly narrowing price zone. This means that this triangle must always be broken and this usually takes a strong momentum and a lot of dynamics. The chart also provides horizontal support for the important psychological level of 100, which has also been successfully tested several times. What can still be seen on the chart is a trend channel, which plays an important role in the daily chart. In our opinion, it is worth a weekly view of the coffee cart, in order not to miss the breakout.
K
by Tradimo_Official
COFFEE, short-term corrective phase startedCOFFEE, short-term corrective phase started, which should not interrupt the medium to long-term trend. In the next session, a small retrace to zone 137.70 and then start to 142.15 X4-TS - V. 2.9.1 - COFFEE KCU17 - Sep '17 LONG from 29/06/17 from 125.32 Flat Under 129.92 SHORT Under 127.56 Stop SHORT that close daily> 127.09 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 142.15 R2 = 141.20 R1 = 140.75 PIVOT = 140.28 S1 = 139.80 S2 = 139.60 S3 = 137.70 CROC X3 - Last Signal (Long Term - TF 1D) SHORT from 152.20
KShort
by XiNiaN
COFFEE came close to target (139.80)COFFEE came close to target (139.80) In the last session we reached 138.90 very close to the medium-long term target I had given Could this be a relative maximum? We will see it in the next session If it loses S3 = 136.15 it means it was the relative maximum and it is advisable to close all positions because they will most likely follow a downward turn to zone 134 Could also decide to go up to test R3 = 140.75 COFFEE KCU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 140.75 R2 = 139.80 R1 = 139.60 PIVOT = 138.65 S1 = 137.70 S2 = 137.50 S3 = 136.15 CROC X3 - Last Signal (Long Term - TF 1D) SHORT from 152.20
KLong
by XiNiaN
COFFEE came close to target (139.80)COFFEE came close to target (139.80) In the last session we reached 138.90 very close to the medium-long term target I had given Could this be a relative maximum? We will see it in the next session If it loses S3 = 136.15 it means it was the relative maximum and it is advisable to close all positions because they will most likely follow a downward turn to zone 134 Could also decide to go up to test R3 = 140.75 COFFEE KCU17 - Sep '17 CROC X1 - Supports / Resistances - Multiday (TF - 1H) R3 = 140.75 R2 = 139.80 R1 = 139.60 PIVOT = 138.65 S1 = 137.70 S2 = 137.50 S3 = 136.15 CROC X3 - Last Signal (Long Term - TF 1D) SHORT from 152.20
KLong
by XiNiaN