Flubberpants

Caffeinated Trends

Short
ICEUSA:KC1!   None
0
Spot the similarities in coffee movements.

Backed up by Fibonacci levels.

This commodity has respected these levels so far, so as the saying goes, trend is your friend till it ends.

Strong movements today but I would be looking at a weekly close below the 160 level before moving in.

Other fundamental factors to consider
- Weakening Real
- Strengthening USD
- Inelastic nature of coffee demand

May your trades work with you.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.