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Arabica Coffee Futures

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ICF1! trade ideas

Coffee at "grounds" level, a buy, 95 cents/pound DecemberCoffee price has declined the deep Fib retrace level and nested in the arms of the centerline of linear regression channel. Also a Schiff fork tine appropriately supports price here now. Downright dreadful wails of surplus, overproduction and crop abundance combined with currency fiasco provide a contrarian context for reversal propulsion surprise. To quote "Popeye the Sailorman", 'Thats all I can stands, I cant stands no more!'
ICEUS:KC2!Long
by Bo
Coffee: Boom. Roasted!This is an excerpt from the Parallax Weekly premium report originally published July 15, 2019. "The net-positioning in coffee has surged, and the percentile metric is not suggesting it’s extremely overdone even though the one-year z-score is well above 2. The problem now is that coffee prices have declined from $116 to $106 with net-longs still in charge. There is uncertainty surrounding frost that effected the Brazilian crop. Contingent on crop damage estimates, record production expectations into 2020 and price/net-positioning divergences, the bearish case for coffee @ 96 is created."
ICEUS:KC1!
by TheMacroStrategist
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