Coffee rallye ?Very nice and clean bounce from support 99.0, next target is about at 107,5 , also the COT report show us, that coffee is very cheap and we should test ressitance at 122.
KT1! trade ideas
Coffee again very cheapCoffee very cheap again, very strong support at 100, but we can go lower, however in long period, very nice opportunity to long it/buy coffee.
Coffee Short Setup Confirmed by Super Pivot StackThis is an excellent example of a solid risk reward level trade that is typically presented in a Super Pivot Stack setup. You could place your sell order below the Stack and the stop loss above the stack which is usually a very favorable size range compared to the profit potential in the trade setup.
You can see all 4 elements that make up the Super Pivot Stack, the Monthly Pivot Range is grouped with the Weekly Pivot Range, Daily Pivot Range and the 6 Day Rolling Pivot Range.
This provides a high probability scenario, with the Super Pivot Stack dominating the upside with super resistance. All these pivots working together make it highly improbable that the market will go higher, and rather sell off.
You will also notice the magnitude of the move. This is fairly common of a Super Pivot Stack, a large move that has a lot of momentum.
On the other hand of the market does rally through these pivots and stays above for a long enough period of time, then this could be a turnaround sign. If the price has that much strength behind it, you don't want to ignore this important fact. But, time is more important than price. So watch and be sure the upside move is not a fake out move that traps you into a long position against a Super Pivot Stack...not a good odds fight you wanna be in.
Happy Trading!
Short position in coffee futures. Horizon: 4 monthsThis is another average position form our long-term investments, very risky, which is included in our bearish commodity group over the next 5-6 months, correlated with bullish equity markets, a bullish dollar, a bearish euro, and a bearish token market.
Get me a coffee: strong and blackI'm eyeing up a long entry on coffee. I'll look at trading this through the 3CFL ETF. If the trade goes as envisaged and hits my wave 3 target, it could yield 100% profit thanks to the leveraged ETF.
Disclaimer: This is not financial advice. Do not follow my trades. Do your own analysis, make your own trading plans. I am not an Elliot Wave analyst and only use the tool to map out a general idea of how price may move. Constructive comments are welcomed and encouraged.
So why am I taking this trade?
The recent move up from the late September low looks pretty impulsive and price is currently printing what looks to me like a bull flag;
As price has been falling throughout this year, volume has started to swell, giving clear bullish divergence
More recently, in the July to September period of this year, the swelling volume could be considered stopping volume
Price has bounced off the $96 dollar level (12 year low) a level which has previously been a springboard.
Monthly / Daily RSI and stochastic RSI look bullish
Why am I targeting $148 by end of year?
Historical resistance level
Confluence with specific, modest fib extension level
Use of fib time tool to project key dates for pivots
Any reasons to be cautious?
Weekly RSI and stochastic RSI look bearish
Price could possibly make a W bottom and even make a lower low, with strong bullish divergence on stoch RSI / RSI - which would provide another good entry for a long.
Stop loss?
Subject to the opening price on the ETF tomorrow, I'll consider placing a tight stop around the $110 mark.
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
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.
