Entry Level: $190 Stop Loss: $186 Target: $195-$199.00 Analysis: The current entry level for initiating a short-term long position in US Coffee stands at $190. A prudent risk management strategy suggests setting a stop loss at $186 to mitigate potential losses in case of adverse price movements. The target range for this long position is set between $195 and...
Potential bearish scenario for the next days, lets see if we reach the swing low
Seasonal tendencies are working against this, paired with U$D pressures as those continue to build. Beyond that, world production is in steady decline with visible crisis levels looming on the horizon (within a decade). This is mostly due to radically increased UV levels in coffee growing regions, paired with a rapidly declining global work force.
markets looking weak here long way down, good for coffee shops bad for farmers.
For my coffee drinkers - Both Arabica and Robusta had a strong start to the year. However, seasonally a bearish phase starts from 22 Feb to 31 Mar. The technical price target was also reached yesterday. In the last 17 years we can observe a negative trend between 22 Feb to 1 Mar. Only in 5 out of 17 years did the coffee price rise during this period. On average,...
Coffee price provided more negative closings by consolidating below 178.00 resistance, to start reacting to the major indicators by declining towards 159.40, expecting to continue forming negative crawl and attempt to touch 154.00, while breaking this obstacle will extend trades towards 147.10 to face the historical support that appears on the chart, assuring the...
For the last 21 years, OBV has proven to be an interesting indicator for anticipating up and down cycles, often the expression of smart money going in and out. In this specific case, decreasing OBV could show the anticipation of a down cycle for 2023
Our preferable scenario for COFFEE remains the same. A rise in wave 5 could bring prices to new highs. Short-term intermediate target of $200. Fixing the price of COFFEE below $155 will cancel this scenario.
In anticipation of the recession, coffe begins to lose value as smart money is moved from these commodities to safer places. Meanwhile, an upward breakout was attempted on the descending pattern, but the deviation was apparently a fake-out, which means that we will soon have a retest of the support and if it is broken, we can go on short until the next . support.
The price of COFFEE fell below $160 and we have adjusted our markup, the preferable scenario for growth towards $200 remains the same, but you need to be careful ❗️ at these price levels, a fall below $155 will break the upward structure and cancel this scenario.
Hello friends, Coffee has reached a resistance point after a long rally on the hourly timeframe. Short, with stop loss set @ 2.30 Take profit -2% or more from current price. Take care Please follow and like!
Like most commodities, London coffee futures saw a massive price uptrend in 2021. However, since the beginning of 2022, it's finally cooled off to an eight and half month low. As a silver lining, perhaps more interesting price action is currently heading our way. With a very sharp fall during the last two weeks of February it's since consolidated, trading between...
The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout. The next target zone will be around 250-255 USX.
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...
Drink Coffee and wait for $300 !
Will we see a breakout from this 3 year rounded bottom?
slight uptrend, kinda easy to trade those patterns, buy the dip tho
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