Looking for a significant bottom in coffeelooking for a bottom from here or a little bit lower, ideally 98.30 would hold
** Just an idea, NOT a forecast
KC1! trade ideas
Coffee Rebound I think that Coffee is finaly going Up-trend, it will hit the Support 90 and then up-trend for a while untile the begining of October.
i hope to see some comment
Youre feedback is higly appreciated
KC1! Coffee :<) M Futures111
- Astrology
- Fundamentals
- inside, gekkkooo
- Seasonal Trading ( Fall coming = warm up )
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."
Coffee, Another buying opportunityAn absence of frost risk & speedy Brazilian harvest helped major correction in recent days. Positive news for bull is that ICE monitored inventories are continuously dropping. Brazilian real also seems strong on charts, further good for Coffee bulls. Presence of 100 as psychological level along with 99 as fib support, Its worth buying 99-100 region for quick bounce.
Double Espresso - Coffee Trade for Serious ProfitCoffee has enjoyed a nice 5 wave bull impulse mirroring the start of its sister wave (A). After the 98.40 gap fill (likely just prior to the July 31 FOMC), purchase December 2019 OTM Call Options (expiring November 8 2019).
Coffee perfectly placed for rebuying Taking support at daily kijunsen which coincide with 50% retracement of current rally, you would never like to miss a buy. In a bull run RSI at 50 needs to give support and it almost kissed that level. Re buying here can provide quick profits towards 100 and recent high. Fundamentally, Brazilian Real rallied big after we spotted bottom against USD at 4.10 . Coffee supplies still abundant.
Coffe fundamental analysis-The strong increase in coffee prices is due to the strengthening of BRL and the fear of frost
-The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality
-Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars
-Farmers receive only 10% of the final consumer price, so they don't get too much from growing demand
-In contrast, large coffee makers such as Nestle or Starbucks generate huge profits
-This year, the International Coffee Organization ( ICO ) reduced the surplus by 7.5% to 3.4 million bags.
-From the market situation we can see that long positions increased while short positions decreased
-Coffe stocks in American ports fell, a similar situation in 2013 followed by a strong coffee exchange rally
-Farmers receive only 10% of the wholesale price of coffee . Current low prices may cause some South American farmers to collapse. In the long run, this can support a rise in coffee prices.
-After several months of coffee reserves in American ports, this may remind us of the situation in 2013 and 2014.
-I set my first tp at 120, second at 125, i show only my second tp at my chart, but I think you can set to 150 or more.
Coffee futures-Yearly S1 to the Yearly (P)?Coffee futures found strong support on it's Traditional Yearly S1 pivot(S1). Coffee should go to the Yearly Pivot(P) this year. Ys1 to YP is a algorithmic move.
COFFEE PRICES GOING UP????? 27 MAY 2019Unusually large volume was traded on 11 APRIL 2019 , this might be a trend changing volume bar. As of now, price has been retracing back into 93.20 (candle) range. A break above 96.75 would be the indication of the up trend movement for coffee prices.
Looking at topping formation in USD/BRL, Coffee seems to explodeWhile USD/BRL short term indicators giving clear signal of correction to downside, Coffee touches its horizontal support. Trading at dirt cheap price and taking support, price seems to explode upside for quick trade opportunity. Brazilian real seems to get strength after falling as low as 4.12 against USD yesterday, which will push coffee prices up. Technically areas to watch are 91.20 & 94. Near 91.20, 20sma coincide with daily kijunsen giving tough resistance since many days. once crossed focus will shift 94 to 95 region(horizontal resistance confluence with 50sma) .
Coffee - One last push down before the up moveI think we will see one more leg down to 90 region before the next leg up to 110 region.
I have started building positions already in coffee. If 94 holds then good chance this could be the bottom but my gut is saying there is still one more push down to 90/89.
Lets keep an eye out on this weekly close.
Cheers
Spread Coffee, KCZ19-KCH20Short KCZ19-KCH20
Entry date 5/3/2019 - Exit date 10/28/2019
Win 14/15 (93%)
Coffee Price Symmetry, LONGA huge symmetrical pattern on the 6-month candlebar scale suggests that this is particular price vicinity where a reversal to higher ground may be warranted. Admittedly, the half year time scale is quite broad. However, the weekly chart shows candle pattern reversal in progress right now.
