Seasonal tendencies are working against this, paired with U$D pressures as those continue to build. Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the...
The price of COFFEE fell below $160 and we have adjusted our markup, the preferable scenario for growth towards $200 remains the same, but you need to be careful ❗️ at these price levels, a fall below $155 will break the upward structure and cancel this scenario.
... and nothing more. Coffee remains a pure currency play on the USD/Real. - And with the Central Bank of Brazil hiking rates faster than any other central bank, this is mostly a one-way trade going into the seasonal peak. Fundamentally, there is no evidence (0, zilch, nada) that there would be any supply issues at present - despite popular misconceptions to the...
Could Coffee drop to $0 (or even go negative), much like crude oil did not too long ago??... You be the judge. While currently long (a generational speculative bubble and all), this is likely the one to watch for one of the greatest Short Setups in ages! Here is the Monthly. See it, yet?... No?! The Quarterly; How about now? Still no?! Let me zoom in for you.
KC=F has been in a vicious bear market just like many agricultural commodities. There is a down trend line since May, 2011. It is getting close to the apex of the symmetrical triangle as well. If it breaks up, it will be pretty bullish and it may be the start of new bull market in Coffee.
Put a fork in it! - All the way to 85.00!!
It's headed under a buck - <100! The Weekly; This looks finished. - A Massive SHORT!!
Coffee is back around the price of the beginning of the month. Since OCT 2 we have a shy uptrend forming for coffee’s standards, in the 4h time frame (TF). The price went up from its lowest of the current month and $104.90 to $113.35 (+8.04%) on OCT 12 and $111.70 (+6.45%) today so far. The trend on the Higher TFs is still bearish and technically this is where...
Coffee after a 3 week structure and battle seems to be making a break towards the Fib 0.382. The higher time frames still point down. The ADX indicator shows uptrend but no strength yet (it usually has a delay on that). The COT of Sep 29 shows a lot of long orders closed (-3745) and more short open (+3065) with net long positions to 54931 compared to 61741 of...
COFFEE holded the support area of ~109.20-109.50 and made a pullback breaking the trendline (marked green on chart). However the bulls seem to be sleepy so I believe the trend continues to be bearish and we have to monitor how price will react to make our decision. Personally I'm considering a short position around the area marked on the chart. Potential profit...
good chance to buy coffee and good chance to enter in market
THE STORY OF THE COFFEE IS FACIANATING. A HUGE VOLUME OF BUYERS ARE IN THE MARKET NO SIGNE OF DOWN EFFECT.
After the strong bullish speculation on sugar finally ended, with the price is returning to more realistic values, my attention shifted to coffee. Coffee, which was also heavily speculated upwards, reaching an absurd price of $ 140, has returned to the $ 100 area and then rebounded. At the end of the bounce, as you can see from the chart below, a distribution...