Up, up and away!The coffee futures have broken today the bullish flag, and this derivate on coffee follows the coffee price accordingly. Maybe in the following days, a pullback is possible, reaching 3,71 or the vicinity of the broken trendline below.
According to the seasonality and inflation, I expect a general bullish trend in coffee until the end of the year. But buying this instrument and holding it until the end of the year could be difficult because of the volatility decay. Take care!
Coffee_trading
ONE/USDT hello guys welcome to my chart analysis for HARMONY as we can see it making trend down after making the head and shoulders pattern based on this and fibonacci levels and support in the red in chart we can take opportunitiess for this zone and take profit in the hi green lines
BINANCE:ONEUSDT
Caffeine Rush! | Coffee Futures - Short Idea for JO Taking a page from Lumber futures back in May, coffee is the latest commodity to party like it's tech circa '99. I don't trade the "softs," but I did find a coffee ETN symbol: JO and may look to fade the caffeine rush when the extreme sell condition cools off. Hot coffee! DOn't get burned. :)
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.
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.
COFFEE - Turning the tide ?Coffee after a 3 week structure and battle seems to be making a break towards the Fib 0.382.
The higher time frames still point down.
The ADX indicator shows uptrend but no strength yet (it usually has a delay on that).
The COT of Sep 29 shows a lot of long orders closed (-3745) and more short open (+3065) with net long positions to 54931 compared to 61741 of the week before that.
So hudge funds expect more to the down.
We might have a turn of tide for coffee if this is not a false breakout, at least up to the Fib 0.382 area.
I will start engaging buy orders just after the decision level (green line) is broken to the upside by solid moves, maybe wait for the day to close.
Good luck traders.
Note: I'm no trading expert nor have the ambition to become one! The above is just an idea that I share with the intention of attracting comments and perhaps become a better trader.
The decline is not done yet. ExplainedCoffee reached our target at 120. However, there is still no signal the decline is done and we want to follow the trend. The support is broken and it makes me believe there is a big chance we can see a retest of important support/resistance near 104. So, if you still hold your shorts, consider adding trailing stops and let the good time roll.
COFFEE FUTURES (KC1!): Entering Sell Zone
Coffee reached an important zone of confluence:
1. We have a strong structure resistance on the left
2. Completed harmonic abcd pattern
3. Fib.extension and retracement confluence.
4. Bearish sentiment from the beginning of the year
The price may drop at least to 114.0 level.
Please, support the idea with like! thank you!