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Arabica Coffee Futures

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ICF1! trade ideas

BULLISH ON US COFFEEBullish clues: - General uptrend since June 2020, with a strong rise since November 2020 - Volumes have been decreasing since May 6, 2021 (correction phase) - The price has reached the lower band of the Bollinger Bands - Price rebounded on the exponential moving average 50, acting as a support - Hidden bullish divergence on the Relative Strength Index (RSI) for over a month Target: The target is the former high at 155.40 USD, also corresponding to the bullish oblique resistance, initiated in November 2020 Feel free to share, comment and give your opinion if it is constructive ;) DISCLAIMER: This is not an investment advice
ICEUS:KC1!Long
by ViclreTrade
HIGHER FOOD PRICES!Coffee is one of the most consumed and traded commodities on earth, and it's price is about to explode! FUNDAMENTALS: -Despite quadrillions of currency units (DEMAND) created over the past 50 years, coffee prices are only slightly higher...this is because of the massive amount of coffee production around the world (SUPPLY) keeping a ceiling on prices. Debased fiat currencies (DEMAND) will prevent any significantly lower prices and make higher prices inevitable. -Currency creation however is being ramped up to unprecedented levels (DEMAND) and increased government intervention around the world will hinder continued global production (SUPPLY). -Weakness in the dollar relative to the currencies of coffee-producing nations (DEMAND) will bid up prices. -Rising energy prices will increase costs (SUPPLY), pushing prices higher. -A period of record cold temperatures linked to the Grand Solar Minimum will lead to slowing and potentially shrinking production (SUPPLY) TECHNICALS: -The 10$ price range of 115-125$ per contract with the most volume has been successfully absorbed. -A massive amount of volume was traded at 50-75% lower prices from the 2011 peak, at the lowest levels in over a decade. -A price-volume divergence has occurred, as during the correction from the 2011 peak volume continually increased. -The corrective descending wedge from the 2011 peak has been broken and retested by bullish reversal candlestick patterns. -Volatility has continually decreased for over two decades as prices have remained subdued, therefore an inevitable increase in volatility will likely occur during/after a significant increase in prices.
ICEUS:KC1!Long
by UnknownUnicorn4195243
Coffee daily/4h descending triangle to the weekly support levelCoffee is forming a descending triangle in the daily/4h chart. Also, the price is at a major support/resistance level. There will be a retest at 130-131 level. If rejected again, most likely the price will fall down to the 115 level in the short-mid term. There is a good support level in the weekly chart, most probably this will hold and coffee could become bullish again. This time it will target 160. This is just an idea, not trade advice. Do your own research.
ICEUS:KC1!Short
by titusj