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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 ...
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 ...
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 ...