Coffee is on a rise! It must be the caffeine
Updated
I have just closed out a +8% trade and I am going long again.
The initial fundamentals where:
Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
The initial fundamentals where:
- Brazillian drought
- US-China trade war increasing agriculture exports out of Brazil
- Weak
BRLUSD
Although some of these fundamentals are starting to wane, the technicals continue to show that Coffee has more to go
Trade closed: stop reached
On to the next trade!
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