Coffee C Futures possible medium term viewThis is what I expect to unfold over the coming weeks and months:
While Coffee is relatively muted of late, when it breaks out it normally breaks out strongly.
An ending 5th wave diagonal seems to be the rule rather than the exception the the end of any downward move. As always, it is difficult to count the ABCDE waves in a pattern like this - and there is no guarantee of an upwards breakout) but a breakout with good volume would seem worth buying (there are a couple of bear and bull traps evident already),
- There seems to be rather strong support acting on the floor of coffee for the past few years (vertical arrows) at around $100 - wave (C) could not extend 1:1 of wave (A) because that would mean negative prices.
- When prices drop this low, a strong bounce normally occurs,
- I would wait to trade this after it forms wave 1 and 2 up (at least a triangle trend-line break, retrace <100% of wave 1, and a break of the wave 1 extreme with conviction - then hang on for the ride. Due to the large volatility in its swift price increases, I would keep my stop-loss just below the start of the move until I can clearly identify the larger degree wave 2 and then wave 4.
This is only published for my own education and interest. I do not presently participate in a platform that will allow me to trade coffee but I will want to change this as its potential volatility is very attractive. This is 100% technical analysis and 0% fundamental analysis. I am interested as to whether TA can stand on its own two feet.
I have noticed that I haven't being paying less for a cuppa as the commodity prices decline, so I also won't accept price increases when the underlying commodity price does jump.
Coffee
Target hit. Further downside on 1D. Short.TP hit on the previous short as Coffee C moved below the previous Lower Low at 112.00. The price is still on a long term 1W Channel Down (RSI = 41.160, MACD = -3.390, Highs/Lows = -2.5643, B/BP = -9.5600) with 1D now in need of printing a Lower High (Williams = -45.358, Highs/Lows = 1.2521) between 114 and 117.50. The next TP for our KCU8 short is 100.000.
$SBUX - Time to Cut Back On CaffeineI remember buying this stock back in 2012 at around 30/shr and held it through the bull run. It's sad to see this drop so much in such a short period of time. With the rising cost of coffee and the cutback in construction, I am assuming there will be weak guidance for this upcoming ER.
Next week, we may see an ER run up to the 38% - 61% fib before the next drop.
My plan is to purchase calls first thing Monday and enjoy one last run, and short it back on the way down to $43 (or even lower). For now, I'm marking this short- term "LONG" until it finishes the retracement.
Starbucks might see a pick up right here
We hit the long term trend line right at the 50$ so for me it is in a support spot.
Lets see what happens and
May the markets be with us
Starbucks: Multi-Layer Elliott Impulse Wave ExtensionsSimple Elliott Wave demonstration of multiple extensions within Starbucks price rise over the last Quarter-century. Expecting a possible correction of 35-50%, but anything can happen. Know your Elliott Wave rules and apply them!
symc bounce baby bouncePut this thing on your watch list, it wants to go up and it will take some time. If you believe you can achieve! 25 would be a great goal for this stock! again I repeat just put it on your watch list and grab some coffee, this can take a while.
Short opportunity to 112.60Clear Channel Down on 1D within a greater bearish channel on the Monthly chart (RSI = 42.309, MACD = -6.170, B/BP = -9.6160). Having made a Lower High at 121.40, it is currently on the best spot for a medium term short to at least the previous Lower Low at 112.60.
coffee bullish afyou can wait fora breakout of this but could be faked out
there's solid accumulation in the bottom of this range specifically.
this might not start a bull run (but its looking good tho), at least looking good af for those targets
Long Coffee area 100.00-120.00 with target 145.00 - 170.00 - 200Long Coffee area 100.00-120.00 with target 145.00 - 170.00 - 200.00
Coffee Sell IdeaCoffee Sell Idea @Daily Supply Zone (117.90 - 118.95)
Sell Limit: 117.90
Stop Loss: 119.50
Take Profit: 115.00
ICEUS JULY COFFEE : THE MARKET IS PREPARING FOR A MAJOR RALLYBullish diagonal triangle formation + P/O divergence
Be prepared for a significant rally.
Clear close above the upper bound
will confirm it.
Coffee Buy IdeaCoffee Buy Idea @ Weekly Demand Zone (116.35 - 111.85)
Buy Limit: 116.40
Stop Loss: 111.75
Take Profit: 127.50
COFFEE- Decade triangleDecade long triangle forming in coffee. Looking like a potential big trend on a break. Would need a roughly 10%+ rise from here to break it.
COFFEE Long Opportunity and Analysis + DCOFFEE
Long Opportunity and Analysis
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Elektro Analysis
Interesting Price Action at Important AreaCoffee has reached the top of the range and painted and nice piece of consolidation with two inside bars. A break to the upside could see price test the old high at the 144 area or a break on the low of the hammer could see price come back down to the 118 area.
Drinking #coffee will be costly :) Negative divergence is quite obvious, 5 Wave Elliott (Correction) Formation looks completed. The price recently hit its long run support line. I am bullish on coffee and going to Starbucks :)
