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Dow Jones Commodity Index CoffeeDow Jones Commodity Index CoffeeDow Jones Commodity Index Coffee

Dow Jones Commodity Index Coffee

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DJCIKC trade ideas

coffee, not copper, as an indication of the economyhello everyone, as we see the price of coffee run wild for years and coming to an interesting (rocky) plateau, we may be able to better quantify the effects of the economy "running hot" as seen by the consumption of caffeine. - if rising costs of coffee comes in conjunction with other rising costs, inflation, gasoline, general higher cost of living, and tightening budgets, due to the fact that coffee is seen as a need more than a want. - then the cost of coffee is relative to the level of caffeine addiction/ dependency, we may be able to neatly define micro labor market trends in the short term. in short the need for personal energy is relative to the price action of coffee. if the major bear case of burry style 08' fallout was to occur, this might be a leading indicator.
DJ:DJCIKC
by gggambles
COFFEE INDEX - Weekly - I think it's wave 3 =)Again, this is for all you coffee lovers out there. It managed to bounce off from the trend line that it broke a while ago and went back to re-test it. If referring to the Elliott Wave count then we are starting wave 3 now. There is not much to talk here as it is straight forward, really. Also, we are done with summer and now going into cooler season. The consumption of this product tends to go higher. Good luck and keep an eye on the price action!
DJ:DJCIKCLong
by DariusAnucauskas
Coffee Index - Daily - For all you coffee lovers.I do like this product. This is one of those seasonal commodities that everyone forgets to trade. Now normally, when we are starting to get into the colder season, then coffee consumption increases (logical), especially with places like Europe, Russia, North America, Brazil and Australia (and others, of course). So demand starts to appear. Now looking at this chart, we can see that we are at this level, where either it will bounce off from those key levels of around 120.74 or 117.59 and move higher by changing the overall trend, or it will give us a good sell-off to test that bottom downward trend line and then reverse from there. Now I must say that the bottom trend line is quite a significant drop, but hey, in this market, everything is possible. If those above levels will hold, then looking for a LONG position. But if we'll start seeing Daily, or even better, Weekly closes below that, then I would hold on Buying. Be careful and keep an eye on the price action!
DJ:DJCIKC
by DariusAnucauskas
Coffee Index - Daily - Watch the break outs!For all you coffee lovers, this is developing for a nice trade. I'm not going to over-complicate it with fundamentals, but because this commodity likes to be cyclical, we could see some nice move upwards in the second half of the year. But, of course, this is just speculation, as different political, economical and natural elements could change the game along the way. But, watch the lower small trend line. If we bounce, then could be a potential for a LONG. But if we close below, then could open up the possibility for a SHORT. Keep an eye on the price action!
DJ:DJCIKC
by DariusAnucauskas