Short
Coffee might get a significant sell off
https://www.tradingview.com/x/qZG08uay/
Coffee is at a really important level and it seems to break trough the multiple year bottom line.
I would suggest to wait for the break and then let it retest to see if support turned into resist and then its time to look for a short entry.
There is too much supply and the big whole sellers squeeze the prices to a maximum of minimum earnings to the farmers.
It could drop to as much as 50% in my opinion.
Only my thoughts so make your own research.
Like always
May the markets be with us
Coffee is at a really important level and it seems to break trough the multiple year bottom line.
I would suggest to wait for the break and then let it retest to see if support turned into resist and then its time to look for a short entry.
There is too much supply and the big whole sellers squeeze the prices to a maximum of minimum earnings to the farmers.
It could drop to as much as 50% in my opinion.
Only my thoughts so make your own research.
Like always
May the markets be with us
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.