BA Easmankodak Coffee8.10.20 Using market dynamics to find a tradable opportunity in a difficult market.
ICF1! trade ideas
Coffee price goes DOWN
Hi! In my point of view we saw a long side movement, than a breakout. The shooting star appeared in a daily chart and even the confirmation arrived with the next day candle. Even a weakly chart shows a shooting star. Normally since the big top price (289) the things have been changed. Aug and sept are negative months. Oct is the comeback. Even the Corona news getting worst which confirms the turnback. Regarding the rules, evry correction takes at least 3 candles but it can takes 3-6 weeks. So on Monday we will see a price around 115.5 than bouncing back around the 120 area than goes down until 102, maybe 98 than the 6.5 weeks period is over ( the actual month will be October as well) so a new Long will come again.
RVGI Buy PivotThe RVGI is an indicator based on the candle body : range ratio, presently it is displaying a pattern of making higher lows and is liable to pivot near or on the trendline drawn (Coffee prices should in turn pivot with it).
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US Coffee futures ( KC1!) - stay short for C wave US Coffee futures ( KC1!) has completed ABC zigzag up side where C wave was extended impulse.
It dropped in wave A in 15 min time frame, so get in to sell trade in B wave near 124.25, with stops above invalidation level above 127.50 for target of C wave down up to 116.50, which is the 4th wave zone of internal wave of C previous wave of Up cycle.
Coffee, mid term forecastBRLUSD +
most indis +
undervalued price +
all time record production in brazil -
demand in arabica +/-
Coffee in demandCoffee has moved from a 2020 low in May of $ 95 to the present of $ 120 ( 45 bars) .
The bias is to the long side ( all Daily MAV to upside since late June ) , and recent break of downtrend from Nov 2019.
Enter - around 119
Target - around 141 ( prior high)
Stop - 108 ( 3 atr)
RR = 2
COFFEE (KC) to buyHight probability to go long, But we will wait for the breakout of 115 to start buying,
First Target : 144
Secod Target : 178
KC 6/29 ReviewCoffee finally seeing a breakout after spending most of June in a range. Sept. contracts finally seeing a close, albeit a small one, above the 100 mark. Temps in Brazil, along with some chatter about a frost, boosted prices today. Shipping delays are helping provide some near-term support as well. From a technical standpoint, prices closed almost right at the 34-day MA. Today's resistance also coincided with the 23.6% retracement off the March 26 break high / June lows. The shorter 9-day MA, which was flat over the last week, has started to turn higher as well which is supportive for an upward trend. Overall, fundamentals are giving a bullish tilt to prices here as frost concerns have historically been the catalyst for further upside. A close above 103 points to a retest of the 38.2% retracement at 108.45.
Long position on CoffeeCoffee is now at importat support on level 95 USD. MACD looks bullish. It's time to right arm of inverted head and shoulders with target 105 USD?
Coffee 6/25Coffee range bound, but consolidating lower. Front month closing down well off the highs. Some follow through after the reversal earlier in the week. Demand remains soft and the continuing pullback from the BRL is putting more pressure on prices. However, slower harvests may provide some support. ICE stocks down ~4.2K bags.
COFFEE IS ON BUY ALL MONEY INTHE STORY OF THE COFFEE IS FACIANATING.
A HUGE VOLUME OF BUYERS ARE IN THE MARKET NO SIGNE OF DOWN EFFECT.
analysis coffee monthlythere is a probability that coffee will increase which may hit the equilibrium price
Coffee remains a buy entry near $85 Looking to go LONG thereThis is an update of my earlier Coffee chart
