We already know that coffee beans have always been one of the most traded commodities in the world, specifically second, so why the sudden interest again?
Figure 1: Summary of World Coffee
In recent years, global consumption has increased at a higher rate than production due to pent-up demand. This rather large deficit in balance in the past two years puts...
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...
Type : Bearish Momentum
Resistance : 235.2
Pivot: 225.25
Support : 211.40
Preferred Case: On the H1, with price moving below the ichimoku indicator and along the descending trendline, we have a bearish bias that price will drop from our pivot at 225.25 in line with the 23.6% fibonacci retracement and overlap resistance to the 1st support at 211.40 in line with...
Type : Bearish Momentum
Resistance : 237.4
Pivot: 229.35
Support : 221.85
Preferred Case: On the H4, with price moving within the ascending channel and price expected to reverse off the stochastic resistance which supports bearish bias that price will drop from our pivot at 229.35 in line with the 100% fibonacci projection and swing high resistance to the support...
Type : Bullish Bounce
Resistance : 222.25
Pivot: 216.00
Support : 210.80
Preferred Case: With price bouncing off our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 222.25 in line with the horizontal pullback resistance from our pivot of 216.00 in line with the horizontal overlap support and 78.60% Fibonacci retracement...
Type : Bullish Bounce
Resistance : 237.45
Pivot: 222.15
Support : 210.30
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.15 in line with the horizontal pullback support and 61.8% Fibonacci retracement...
Type : Bullish Bounce
Resistance : 237.45
Pivot: 222.25
Support : 210.00
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci...
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...
Type : Bullish Bounce
Resistance : 225.40
Pivot: 221.95
Support : 219.75
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback...
Coffee Futures
Held onto the $220 support area , sprung and broke that supply line creating the dragon pattern and maturing into a bearish bat harmonic which has a PCZ of $254
Type : Bullish Bounce
Resistance : 220.75
Pivot: 211.10
Support : 204.70
Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support...
Type : Bearish Dip
Resistance : 233.50
Pivot: 221.45
Support : 202.30
Preferred Case: Price is near pivot level of 221.45 in line with 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 202.30 which is a swing low support. Our bearish bias is further supported by price moving under the Ichimoku cloud indicator.
Alternative...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
