Coffee - KC1! - Washed out to an old base area - buy on strength

647 4
When the going gets rough, you go back to basics and buy the basic necessities - like crude oil and coffee , the other "black gold".

Look at the divergence in the RgMov indicator which is making higher lows while the recent price action is lower lows. If we get a turn and some upside range expansion (where the market is UP by more than yesterday's trading range), then you get a great, reliable signal to enter the market.

Buy stop in over a previous day's high and target a move up to 141. Stop loss at 3 ATR(11) or 113 to 108 area. I don't want us all to have the same stop loss. This is a "front month contract" so look at September, then December.

Good fortune.


PS - I hope you all have re-looked at my "2015 Stock Market Forecast" for review and then you can laugh at the mainstream media's coverage.
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USDBRL is leading the way in kc these days. Also good play from a good risk reward is sugar. Great chart!
I think I see it going lower to the 90 area but I understand your reasoning.
beleive i heard sme where a coffee crop was less then expected , nothing like technical s and fundamentals working together
real342 G13Man
There's so much talk out there regarding coffee. Technicals is the way.
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