KCU2023 trade ideas
Good time to buy Coffee!Hi guys,
It looks like a good time to get into Coffee. The CFTC report (refer to barcharts.com) shows the dealers and commercials are extremely net long and control most of the open interest. We are overbought at the moment and need to see a pullback where we want to be buyers. I'm expecting price to come back to this support zone - if not I may take a break out style trade as price goes higher. I have set a series of action and reaction lines from our channel down and an upsloping pitchfork - my target is the next warning line. Lets see how this unfolds.
Coffee starts to find new lowsWe reached the correction target, so the coffee is ready to look for new lows, probably around ~93-94
Positive correction on the horizonIf it happends it can make a good profit.
Please, comment my idea.
'BUY' AND STOCK UP ON COFFEE, WATCH IT GROW FOR YEARS TO COME!Thought i would not find a market more promising for the future than platinum but i've been proven otherwise. Coffee is lower than it has ever been in it's life cycle and can only imagine this is the end of downtrend and may form a wick around 1.0100 where expected to bottom out and start headed upwards. Do not miss out on a great buying up opportunity and watch your investment grow in years to come.
I bought in with a relatively small buy and watching market closely waiting for trend reversal confirmation before adding a larger buy.
I suggest working on the monthly view (1M) timeframe, using the MACD, Stoch RSI and CM_Ultimate_MA__MTF_V2 (combo of multiple indicators created by someone and accessible if you have pro account on tradingview).
Do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
$KC_F #Coffee New lows?! #CommodityClear bearish chart. In this moment I'm bearish until the last week of August. Landing area for a bounce 95-92$. 100$ is psychological level but not enough.
Pay Attention Buyers!
Stay Tuned!
Successful backtest of cycle lowThis looks like it has broken out of the cycle low & then successfully backtested the breakout. RSI, sentiment all support the low being correctly identified. This looks like a good opportunity to sit on a long move upward.
Watch for reversal Short is an overcrowded trade here at the moment. Watch for reversal signs as good chance of those shorts getting covered at pace when we do.
Impulse move up coming?Could well see some price action off this long term support - especially after a few failed moves to break current resistance areas.
Not quite bottomedI don't think we've yet seen the bottom here. The major support line tags the current price action sub $1.2, and the bollingers don't quite look right to signal the bottom. So although I will be going long here very soon and will be looking for a very big upward move, I will watch/stay short for now u til I see clear evidence of the floor emerge.
Closing in on the buy zone Big drop today. Lots of shorts still here and premature longs getting squeezed. Watch the support line for the entry point & scale in Long for the bounce.
a cup of coffee with the sugar :)it`s hard to see the particular pattern but it`s rules also in the coffee. the two blue line are important in the next days. if you agree write comment and follow me.
Big Coffee move coming?Closed strongly >23% Fib & new 12m high. Pattern could look to repeat late 2014 sharp rise.
Not yet......but coffee winding up for a big move?Heading back towards the floor & look at past history.....
Short initially down to approx 1.13.
