COFFEEARABICA trade ideas
Coffee Short - Seasonal weakness starting 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 loses around -3.75% in this period with a standard deviation of 6.92%.
Coffee (Love Coffee & wanna get rich?)View On Coffee (23 Dec 2022)
I am seeing a possible bottoming in coffee.
It is hard to find a single bottoming point but I reckon the price of coffee will not go lower than $150.
In 1Q2023, you can slowly build coffee postings and possible extract the great profit of it.
It shall easily see $190 or even $210
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Coffee price keeps the negativity – AnalysisCoffee 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 importance of monitoring its behavior to manage to detect the next main trend.
#COFEE- SHORT OPPORTUNITYIn 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.
COFFEE Potential Short! Sell!
Hello,Traders!
COFFEE broke a local rising support
Then went down and is now back up
To retest the broken line which became a resistance
And I am expecting a local pullback
Towards the target below
Sell!
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