Bull case for Coffee is already well understood and price action confirms string upward trend.
Technicals: Broken above channel, on supprt, bull pennant forming, declining volume. All bullish signals. Gap at $359 possible target on downwards break. Target $500-600. Possible squeeze higher if big players caught short. Price action indicating possible parabolic...
US equities doing nothing wrong. Bonds finding support. We will wait until President is sworn in to see if breakout holds and if so likely back to test upper trend approx 620.
Metals look to have tailwinds with bonds finding support (real rates coming off), DXY stabilising, and the incoming trump administration. The charts are constructive with possible early breakouts. If upward momentum continues then price will likely target recent highs and then possibly higher after consolidation or pullback.
Possible risks to trade include...
