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Coffee_trading

COFFEE - Turning the tide ?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 the week before that. So hudge funds expect more to the down. We might have a turn of tide for coffee if this is not a false breakout, at least up to the Fib 0.382 area. I will start engaging buy orders just after the decision level (green line) is broken to the upside by solid moves, maybe wait for the day to close. Good luck traders. Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
ICEUS:KC1!Long
by A_Bouras
Coffe fundamental analysis-The strong increase in coffee prices is due to the strengthening of BRL and the fear of frost -The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality -Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars -Farmers receive only 10% of the final consumer price, so they don't get too much from growing demand -In contrast, large coffee makers such as Nestle or Starbucks generate huge profits -This year, the International Coffee Organization ( ICO ) reduced the surplus by 7.5% to 3.4 million bags. -From the market situation we can see that long positions increased while short positions decreased -Coffe stocks in American ports fell, a similar situation in 2013 followed by a strong coffee exchange rally -Farmers receive only 10% of the wholesale price of coffee . Current low prices may cause some South American farmers to collapse. In the long run, this can support a rise in coffee prices. -After several months of coffee reserves in American ports, this may remind us of the situation in 2013 and 2014. -I set my first tp at 120, second at 125, i show only my second tp at my chart, but I think you can set to 150 or more.
ICEUS:KC1!Long
by LszlRakonczai
4
Coffee reaches accumulation levelsCoffee is trading near multi year horizontal support of 95 cents. While excessive supply and falling Brazilian real crushed the prices, there is ray of hope ahead. With price almost reaching 95 level which seems safe accumulation level, there can be gains in coming months. Farmers in Brazil are reducing coffee cultivation area will lead reduction in inventories in coming months. Price hovering near critical long term support risk to reward is very low for investing in coffee for some months. Please feel free to leave comments and get in touch with us on: Twitter: bit.ly/2o9ItrA Youtube: bit.ly/2Nh8sbE Tradingview: bit.ly/2PCbed1 Happy Trading! Team Bitbloxx
ICEUS:KC1!Long
by Bitbloxx
1
'BUY' AND STOCK UP ON COFFEE, WATCH IT GROW FOR YEARS TO COME!Thought i would not find a market more promising for the future than platinum but i've been proven otherwise. Coffee is lower than it has ever been in it's life cycle and can only imagine this is the end of downtrend and may form a wick around 1.0100 where expected to bottom out and start headed upwards. Do not miss out on a great buying up opportunity and watch your investment grow in years to come. I bought in with a relatively small buy and watching market closely waiting for trend reversal confirmation before adding a larger buy. I suggest working on the monthly view (1M) timeframe, using the MACD, Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview). Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders. All comments and questions welcome, if curious about indicators I use then feel free to inquire.
NYMEX:KT1!Long
by Dani0
1