USDBRL Is this an early Buy Signal for Coffee?The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon.
At the moment USDBRL hasn't made a new High in more than 1 year and the 1W MA50 (blue trend-line) is rolling over. Can this be a very early buy signal on Coffee before confirmation comes by the 1W Death Cross? It would appear that way and in our opinion that is an excellent long-term buy opportunity on Coffee futures.
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Coffee
COFFEE Bullish Bias! Buy!
Hello,Traders!
COFFEE broke the key weekly level
And then broke out of the bullish triangle
Continuing its bullish rally further up
Looking at the chart, the next strong level is around 176$
Which means that coffee can grow by about 8.5% more from the current levels
Until we see a meaningful pullback
However, the pullback will be short lived
As the current price surge in coffee is due to the drought in Brazil
Which led to the corp failure of up to 100% in some areas
Thus, the 176 level is not the limit!
Buy!
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COFFEE (Continuation) LONG - Update; Just a USD/Real Short ...... and nothing more.
Coffee remains a pure currency play on the USD/Real. - And with the Central Bank of Brazil hiking rates faster than any other central bank, this is mostly a one-way trade going into the seasonal peak.
Fundamentally, there is no evidence (0, zilch, nada) that there would be any supply issues at present - despite popular misconceptions to the contrary.
Long July Coffee At Bargain Basement PricesCoffee price have fallen into bargain basement levels following recent EU lock-downs. However, Brazilian supply dynamics remain bullish, the Brazilian currency just broke its 6-session losing streak, and the EU will eventually be open for business. So when things seem to be at their worse, now is the time to buy. Best option: buy vertical call spreads. I like July options long 125 call, short 140 call.
Coffee daily/4h descending triangle to the weekly support levelCoffee is forming a descending triangle in the daily/4h chart. Also, the price is at a major support/resistance level. There will be a retest at 130-131 level. If rejected again, most likely the price will fall down to the 115 level in the short-mid term.
There is a good support level in the weekly chart, most probably this will hold and coffee could become bullish again. This time it will target 160.
This is just an idea, not trade advice. Do your own research.
COFFEE Wedge Breakout Sell!
Hello,Traders!
Coffee hit strong horizontal resistance
While trading in a bear wedge pattern
And now we can see a conclusive breakout
Which makes me bearish biased
And I am expecting bearish continuation
After the pullback
To retest the lows of the wedge
Sell!
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COFFEE - LONG (for now); Free coffee for your Great Depression!Could Coffee drop to $0 (or even go negative), much like crude oil did not too long ago??... You be the judge.
While currently long (a generational speculative bubble and all), this is likely the one to watch for one of the greatest Short Setups in ages!
Here is the Monthly. See it, yet?...
No?!
The Quarterly;
How about now?
Still no?! Let me zoom in for you.
Cup of KAVA, if you wishKAVA has moved fairly modestly until today. Now the attitude may be changing. If this remains as the daily candle this is the strongest green candle since ... well, a long time. The best place for entry may be after the resistance has been successfully taken over and retested.
Now the Cup is full and the Handle is solid. Volume is high, KAVA is ready.
DYOR, trade safe and take care.
Cheers
Whoop
Stocks drop and rising interest rates Commodities set to rise!As the stocks correct by 10% or more, I believe that the coming commodity bull market is set to come very early. The second factor for a commodity bull market is the rising interest rates. This is very bad for stocks, growth stocks especially as they cannot borrow more money to grow their company. The third and a bit smaller factor is that the dxy is rising and if the dollar rises, the stocks fall and then commodities rise. This is a hot new market to look for here. Warning2 I am not a financial adviser and take this with a grain of salt. Happy trading!
TATA CoffeeWe have a breakout in TATACOFFEE when the market is flushing down gains.....that's stock market for you
Coffee Future is getting closer to pick a direction...KC=F has been in a vicious bear market just like many agricultural commodities. There is a down trend line since May, 2011. It is getting close to the apex of the symmetrical triangle as well. If it breaks up, it will be pretty bullish and it may be the start of new bull market in Coffee.
SBUX ER run up! New ATH coming?Peppermint mochas out of season? oh well Starbucks released 5 new drinks to start off 2021! Now with earnings coming up we could see a nice rally. Sitting at the bottom of my channel here, could see a nice bounce near 101 and break of the recent downtrend line to retest ath, break over 107 I can see 110. Trading plan annotated in the chart!
JO ETN bouncing breaking out of wedge right on supportJO is breaking out of small bullish falling wedge. It was objective to enter the trade as it was falling onto pretty good support at $35.25ish. Looking for follow though green candle tomorrow. $38.80 would be next stop and hopefully to take out top of trading range at $40.70. As you see, JO trades to the technicals pretty well. So, I hope it will be a good trade.
Starbux, everyone's favorite bean juice/drugJust broke out of weekly resistance. Last time this happened, it went 4x (where we are rn). If no lose high 80's prob gonna keep going.
Green areas are targets. Timing? I have no idea but unless people stop drinking coffee, im pretty sure your grandkids gonna be glad you bought.
SBUX to 110under 100 would invalidate this idea looking for a break above 103 and hold above that for an entry.
Safe play: 105C for 1/15 has the best liquidity for otm contracts nothing for 1/8 is appealing to me
Lotto/ day trade: 12/31 105C .13 (highest oi contract for otm weeklies) all weeklies for this have low volume