COFFEE ARABICA (BKC)
Updated
• Entry at completion of Batt pattern @127.27
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016:
bloomberg.com/news/articles/2017-01-15/brazil-s-drought-deja-vu-makes-coffee-the-2017-commodity-winner
• Double bottom formation at batt completion price further supports bullish signal.
• Fundamentals support long term bullish position due to draught concerns, similar to 2016:
bloomberg.com/news/articles/2017-01-15/brazil-s-drought-deja-vu-makes-coffee-the-2017-commodity-winner
Note
Note
- Same as last week- Expecting prices to complete Bat pattern. Entry price @ 127.21
- The CD leg is a pennant
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