Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF ARABICA COFFEE Last week, ICE US coffee futures closed higher at 118.05 ct/lb. Hopes for a vaccine are fuelling the markets, and Pfizer and Moderna have announced very encouraging results. Many countries,...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF ARABICA COFFEE Last week, ICE US coffee futures closed higher at 112.20 ct/lb. Hopes for a vaccine are fuelling the markets, Moderna announced on Monday very encouraging results. The pandemic continues...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF ARABICA COFFEE Last week, ICE US coffee futures closed higher at 106.95 ct/lb. The pandemic continues unabated, we have just passed 50 million cases worldwide, with over 1.250 million deaths. Faced with...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF ARABICA COFFEE Last week, ICE US coffee futures closed lower at 104.35 ct/lb. The worsening health situation with a sharp increase in covid-19 cases in the USA and Europe has strongly impacted the markets...
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...
3 separate (Bearish Bat + Gartley) PRZs line up @160! With the Real strengthening but also, option volatility rather expensive @ 41%... ... we have bought up the Dec. 2020, 140-160 CALL Spreads for $1095 a pop. We are expecting Coffee to finish the year >160.00, for a 1:7.3 R/R on this trade - i.e. $7500 / contract. Good luck out there!
COFFEE holded the support area of ~109.20-109.50 and made a pullback breaking the trendline (marked green on chart). However the bulls seem to be sleepy so I believe the trend continues to be bearish and we have to monitor how price will react to make our decision. Personally I'm considering a short position around the area marked on the chart. Potential profit...
Coffee 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.
The COT report is bearish, the seasonal tendency is to the downside. We have a divergence in the 4h chart. So, where do we sell? I think breaking below Thursday's low or formation of lower high would be good entries. 120 has been an important level for Coffee. It has to be tested again and it is our swing target.
Coffee futures looks bullish. Falling wedge breakout target $275-$294 NOT FINANCIAL ADVICE
Can Coffee commodities help us to predict the stock market ? I don't know and this is based on my personal observation and not historical facts, so take it with a pinch of salt. Look at the Coffee chart carefully! It starts to reach the peak in Dec 2019 when it was at a high of 142. Two months later on 18 Feb 20, the SPX500 followed. Go google yourself and you...
I see a formation of a beautiful sell configuration on the 15M since the the KC broke a strong support area and this will lead to a bearish move.
there is a probability that coffee will increase which may hit the equilibrium price