KC1! Coffee Futures Coffee Futures
Held onto the $220 support area , sprung and broke that supply line creating the dragon pattern and maturing into a bearish bat harmonic which has a PCZ of $254
Coffee
COFFEE Will Keep Growing! Buy!
Hello,Traders!
COFFEE is trading in a local uptrend
And we saw the pair retest the horizontal key level
From where we are already seeing a bullish reaction
Which will continue I think, with the target
Of retesting the target above
Buy!
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✅COFFEE NEXT MOVE|LONG🚀
✅COFFEE has retested a key support level
And as the pair is already making a bullish rebound
A move up to retest the supply level above is likely
LONG🚀
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Coffee Futures (KCK2022), H1 Potential for Bearish Dip!Type: Bearish Dip
Resistance : 229.45
Pivot: 227.30
Support : 220.80
Preferred case: We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level.
Alternative scenario: Price might move towards the 1st resistance level of 229.45 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement.
Fundamentals: No major news
Coffee Flag?the failed head and shoulders target was met, and an 11-month trendline was also broken
now is the time for a bearish continuation flag ??
KCK2022 (Coffee Futures) | H1 Bullish PressureType : Bullish Pressure
Resistance : 228.10
Pivot: 220.20
Support : 214.00
Preferred Case: Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator.
Alternative scenario: Price might also dip towards the 1st support level of 214.00 in line with 61.8% Fibonacci projection and 78.6%% Fibonacci retracement.
Fundamentals: No Major News
KCK2022 (Coffee Futures) | H4 Bearish MomentumType : Bearish Momentum
Resistance : 220.95
Pivot: 213.75
Support : 200.60
Preferred Case: Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator.
Alternative scenario: Price could also head towards the 1st resistance level of 220.95 in line with 61.8% Fibonacci projection and 38.2%% Fibonacci retracement.
Fundamentals: No Major News
KCK2022 (Coffee Futures) | H4 Bullish BounceType : Bullish Bounce
Resistance : 220.75
Pivot: 211.10
Support : 204.70
Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level.
Alternative scenario: Price could also head towards the 1st support level of 204.70 in line with 78.6% Fibonacci projection and 138.2%% Fibonacci extension .
Fundamentals: No Major News
Coffee is cheap, but cocoa is cheaper?Coffee is cheap, but cocoa is cheaper? Time to get long in both: Cocoa and Coffee
Bullish triangle pattern - waiting to be resolvedThe bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout.
The next target zone will be around 250-255 USX.
Up, up and away!The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
Wheat, Naturalgas, Brent, Coffee and Cotton vs BTCWheat, Naturalgas, Brent, Coffee and Cotton vs BTC in one chart, all long!
It's coffee time!See chart.
NOTE : The thing about charting is IT IS BASED on probability based on historical price actions and patterns. But the market is forward looking and to restrict oneself to say that if the price moves to A, then it would goes to B, then C is not only myopic but also underestimate the Market which is ever changing.
Price action could very well not touched the support line before retrace higher. Or price may not necessarily hit the 50% or 61.8% FIB level as precisely as we would like it to be. IT IS A GUIDE only.
When one trades on a larger time frame, then the short term price movements would matters less as you are concerned with the overall direction of the product you are trading.
I have find my heart beating way too fast and my emotions go haywire the time when I tried trading 15 minutes time frame or less. Sometimes, after keying in the order, I am already stopped out!! OUCH!!!
Leave this fast trading game to the experts who can make millions trading thousands of trades a day. They earn their marks through years of practice , I am sure.
Technical Outlook for the Coffee Market, backed by fundamentals.Fundamentals: The coffee Market has been in a strong bullish trend ever since a frost hit the brazil coffee belt in July / August 2021, followed by a period of drought. This left the world´s biggest producer of Arabica coffee with huge productivity losses for the 2021/2022 crop. That results in a really tight Arabica balance sheet for 2022, which could get worse through re-openings of coffee-to-go shops after Covid-19 lockdowns. The tense global logistic situation with low vessel space, exploding freight rates and shortage of containers and truckers is fuel to the already burning fire of less coffee supply than demand.
What can be examined from this is, that roasters tap into certified coffee inventories drowning them to 10-year lows, an extremely bullish factor ever since.
Technicals: Prices stay in an uptrend channel, that can be divided into a major channel and two minor ones. The structure stayed between those two lines while completing several Elliott-Waves. After a new ABC correction from the 160,00 cts high, prices could start a new 5-Wave up to test the upper line of the major channel at ~175,50 cts. The certified inventories sliding below the magical number of 1 million bags would support this move.
Certified Coffee Inventory
bilderupload.org
Chart
GBP CAD bullish ⬆️GBP CAD bullish Head and shoulder pattern and Cup pattern together. when broken this resistance Buying will be strong
an analyse about coffee kc in 15 min frame "sell"I think there is no volume but I think it's time to sell
COFF Long (+ I LOVE DRINKING COFFEE)LSE:COFF
WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield.
WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www.wisdomtree.com).
Coffee JO nice VCP Triangle breakoutsSome nice VCP / Saucer Handle patterns on JO as it continues to climb higher.
Watch for a break higher if it can chew through 67 zone resistance
Break lower out of triangle / trendline support invalidates long idea.
On a macro level we're seeing bullish setups in AG complex (coffee , rice, wheat, corn, soybeans, etc.) , coupled with inflation coffee should run.
Personally I've noticed my local coffee shops also charging $1 per cold brew which supports the bull case.
Starbucks (NASDAQ: $SBUX) Looks Like Great Value Play! ☕Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items. The company also licenses its trademarks through licensed stores, and grocery and foodservice accounts. The company offers its products under the Starbucks, Teavana, Seattle's Best Coffee, Evolution Fresh, Ethos, Starbucks Reserve, and Princi brands. As of October 3, 2021, it operated 16,826 company-operated and licensed stores in North America; and 17,007 company-operated and licensed stores internationally. The company was founded in 1971 and is based in Seattle, Washington.
JO Fibonacci SetupThis speed resistance fan has been very well respected. If price doesn't make a higher high, I would expect a re-test of previous resistance at $58 which is also .5 fib retracement, a fresh daily level, and an old weekly level. Would potentially trade up to 1:1 extension.
COFFEE WK1: 100% Gains SWING setup BUY/HOLD(NEW)(SL/TP)Why get subbed to me on Tradingview?
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COFFEE WK1: 100% Gains SWING setup BUY/HOLD(NEW)(SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: COFFEE WK2 chart review
::: chart is LOG SCALE
::: setup still valid expecting
::: 100% gains final TP BULLS
::: global inflation driving prices
::: also global warming heavy impact
::: cycle high for the market is near
::: 440/460 USD BULLS control the market
::: 12/24 months as global economy
::: is starting the recovery right now
::: BULLISH CYCLE is ON BUY DIPS
::: BUY/HOLD get paid / swing trade setup
::: BUY ANY DIPS / final TP bulls is 460 USD
::: 100% upside from current market price
::: WAIT for dips and reload (BULLS)
::: recommend to BUY/HOLD
::: recommended strategy: BUY/HOLD
::: bullish super cycle in coffee market
::: SWING trade setup do not expect
::: fast/miracle overnights gains here
::: good luck traders
🔸 Supply/Demand Zones
::: 100USD fresh demand zone
::: 460USD fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS / MORE GAINS
::: Sentiment outlook mid-term: BULLS / SUPER CYCLE
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