COFFE C FUTURE DAILY ANALYSISHello my friends
the daily chart of this market shows with a strong probability that it will experience a downward trend with the consideration at the same time of reversal
for more information please subscribe
KC1! trade ideas
Near the support levelThe continuing falling almost reaches the ultimate support zone near 90. One more movement is missing so I would like to see a decline around 90 after the sideways correction.
But the 80 - 90 will be strong support!
COFFEE FUTURES (KC1!) Monthly, Weekly, DailyDates 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 miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
Trades made when the monthly, weekly and daily arrows are pointing in the same direction are the most profitable.
This is not trading advice. Trade at your own risk.
Coffee SND Bearish Set-upCoffee bearish interests, always wanted to analyze coffee...can be bumpy for 1.0360 ,so, --to note that.
next a look on Crypto.
* MA
Buy Coffee futures or etf instead of Starbucks Fundamentally , Despite the brazil "Real" currency's historic low value and Covid-19, Coffee's supply is expected to be reduced while the demand is expected to rise.
Simply put, we are running short of Coffee!
seekingalpha.com
Technically , the Multiyear down trendline has broken, and currently, coffee price is rising with up trendline support!
$KC_F Coffee not bullish yetICEUS:KC1!
Coffee sits on the TL support however 13, 50, 200MAs are not curling up.
Trend is still down but if it turns up, I will watch out.
A general guide to Coffee As shown in the diagram. All the support lines are good entry levels, and all the resistance lines are great places to open shorts. No opinion in the short term, but I think it’s going to see some rebound when it drops back below 100. And in my opinion, a great entry level will be at 85.95, the historic low from 2005.
Coffee heading North ( Go Long if you agree)Keeping the chart clean to show the 1,3,5 pattern complete. Coffee is a Buy here with a current stop at the low. Equal Time with higher lows tells the story. Good trading to everyone & be safe.
COFFEE C FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) AnalyseCOFFEE C FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) Analyse
Coffee arabica outlookfundamentals are important - Brazil gained +4% in new coffee producing land last year - they have 40% of global output => +1,6% world coffee production only from Brazil and good weather conditions (until now).
their currency is to watch too! As long as Bolsonaro is president its really difficult, because they can easily convert rain forest to agricultural lands, witch is bad for coffee prices (and the world too).
in the long term coffee needs to go to 1.50 - 1.70
September/October its more interesting - El Niño
