SBUX vs KC1! (coffee futures)Coffee prices seem to be reaching a pivotal point with possible break out. Starbucks has enjoyed decreasin coffee prices over the last decade. A break out in coffee could be good sign to short SBUX $BJO
KC1! trade ideas
Cheap Caffeine FixCoffee Futures fall today below 100, to 97.25, not seen since 2006. Producers, according to the CFTC COT reports, are net long some 80,000 contracts, an all-time high. These extremes in positioning are accurate contrarian signals, presenting a opportunity to bet on a rebound in future coffee prices over the next 6 month.
Coffee pullback coming soon KC1!The pullback must be coming soon, looks like it might have already started but will we see follow through from the bears this week?
Correction for Coffee FuturesAfter such a dramatic rise in a down trend the price is due for a correction downwards.
Also the RSI was very high as well so that supports this prediction.
Like the idea if you agree and follow for more like this.
Good time to buy Coffee!Hi guys,
It looks like a good time to get into Coffee. The CFTC report (refer to barcharts.com) shows the dealers and commercials are extremely net long and control most of the open interest. We are overbought at the moment and need to see a pullback where we want to be buyers. I'm expecting price to come back to this support zone - if not I may take a break out style trade as price goes higher. I have set a series of action and reaction lines from our channel down and an upsloping pitchfork - my target is the next warning line. Lets see how this unfolds.
Coffee starts to find new lowsWe reached the correction target, so the coffee is ready to look for new lows, probably around ~93-94
Positive correction on the horizonIf it happends it can make a good profit.
Please, comment my idea.
'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.
$KC_F #Coffee New lows?! #CommodityClear bearish chart. In this moment I'm bearish until the last week of August. Landing area for a bounce 95-92$. 100$ is psychological level but not enough.
Pay Attention Buyers!
Stay Tuned!
Successful backtest of cycle lowThis looks like it has broken out of the cycle low & then successfully backtested the breakout. RSI, sentiment all support the low being correctly identified. This looks like a good opportunity to sit on a long move upward.
Watch for reversal Short is an overcrowded trade here at the moment. Watch for reversal signs as good chance of those shorts getting covered at pace when we do.
Impulse move up coming?Could well see some price action off this long term support - especially after a few failed moves to break current resistance areas.
Not quite bottomedI don't think we've yet seen the bottom here. The major support line tags the current price action sub $1.2, and the bollingers don't quite look right to signal the bottom. So although I will be going long here very soon and will be looking for a very big upward move, I will watch/stay short for now u til I see clear evidence of the floor emerge.
Closing in on the buy zone Big drop today. Lots of shorts still here and premature longs getting squeezed. Watch the support line for the entry point & scale in Long for the bounce.
