KC1! trade ideas
Looking at topping formation in USD/BRL, Coffee seems to explodeWhile USD/BRL short term indicators giving clear signal of correction to downside, Coffee touches its horizontal support. Trading at dirt cheap price and taking support, price seems to explode upside for quick trade opportunity. Brazilian real seems to get strength after falling as low as 4.12 against USD yesterday, which will push coffee prices up. Technically areas to watch are 91.20 & 94. Near 91.20, 20sma coincide with daily kijunsen giving tough resistance since many days. once crossed focus will shift 94 to 95 region(horizontal resistance confluence with 50sma) .
Coffee - One last push down before the up moveI think we will see one more leg down to 90 region before the next leg up to 110 region.
I have started building positions already in coffee. If 94 holds then good chance this could be the bottom but my gut is saying there is still one more push down to 90/89.
Lets keep an eye out on this weekly close.
Cheers
Spread Coffee, KCZ19-KCH20Short KCZ19-KCH20
Entry date 5/3/2019 - Exit date 10/28/2019
Win 14/15 (93%)
Coffee Price Symmetry, LONGA huge symmetrical pattern on the 6-month candlebar scale suggests that this is particular price vicinity where a reversal to higher ground may be warranted. Admittedly, the half year time scale is quite broad. However, the weekly chart shows candle pattern reversal in progress right now.
Coffee futures at the major support levelCoffee futures at the major support level and considering the start of the harvesting season is destined for a re-bound.
Coffee Futures Take A Tumble On the weekly chart price has broken through support at the 102 and broken through the current level of support of around 89. As long as coffee continues its current descent, look for its next price of 86.15 approximate keeping in mind any pullbacks to support or trading ranges. If 86 is taken out prices could tumble to around 78.
Cyclical sell pattern on Coffee. Long term short opportunity.This is a pattern that is being repeated over and over again though the decades. Coffee reaches a peak within 280 - 340 on a parabolic rise, then starts to decline less aggressively on Lower Highs, and bottoms within 42.00 - 50.45. That's Coffee's market cycle and since 1974 we've had three, currently being near the end of the third, as we are just before the final aggressive bearish leg
For those who are willing to short the market, there is a roughly 45% profit opportunity on a 2 year horizon until it bottom near 50.45 again.
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High Probability Setup on Coffee with Volume ProfilePlease note Swing or Trend trading on Futures product may require maintaining position beyond Futures Contract expiration.
www.latimes.com
An older articles but relevant as there are 1-2 years price lag due to the natural of supply and demand of coffee global supply chain.
thecoffee.blog
US Coffee Long Position Idea - Opinion KC1!Hi there. This is a recent analysis for an undervalued commodity which is US Coffee KC1!. As you see from the weekly chart Coffee price reached the bottom bollinger band, after this price movement it is expected to bounce again for the median of 20 weeks of bollinger at targets the price of 101,5$. This signal is also confirmed from RSI which is at oversold price level of 40. +DI from ADX is also at oversold level which is going to change over time and give a solid buy signal. This bounce might be helped from the highly demand in this specific commodity which is beloved worldwide.
**This is not an investment advice, it is only for educational purpose**
Invest with safety.
KC1! Deeper StillOn the chart look for those price points keeping in mind on the way down the rallies and pullbacks.
COFFEE SHORTCould not hold support; broke below $94. Next target area is between $90 and $86. Use a tight stop above $95.
Coffee Futures (KC1!) long.Targets and stops on the chart.
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Thank you.
Have a coffeeThe Coffee and the dollar
The price is above a key support zone, between approximately 96.4 and around 95, it fails to recover because exports are in sharp decline as the currencies of the exporting countries are affected by this devaluation against majors like the US dollar, tending to limit sales so as not to lose too much. All of this, has caused exports fall from the country that produces the most (Vietnam) by almost 40% compared to January (customs data published in the session on Friday). So this is a commodity that is particularly affected by the weight of the US dollar: the USD should continue to strengthen during 2019 (especially the second half), it is likely that coffee will continue to remain weak (except for sudden changes in the supply/demand ratio ). Now technically, however, it could be a good entry into this area (97) with a short-term target towards 104. A closure below 95, will ensure that the descent continues until new period lows.
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.
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EOS might pump still awaits Check them fractals boi
Price is fractal of the previous one
This one will be targeting range highs twice
if the said structure completes
remember buy range lows sell range highs
_sincerely
Gerald
