Bullish triangle pattern - waiting to be resolved

2021년 9월 9일

The bottom side of this triangle was confirmed multiple times now. Waiting for a test of the upper side and/or just a breakout.

The next target zone will be around 250-255 USX.

2021년 9월 14일

노트

It seems like this triangle pattern will be solved to the downside. So a daily close at the current level (183.35 USX) would render this technical setup useless.

Nevertheless, I would stay away from shorting this commodity at the moment because it is against seasonality and other fundamental data.

2021년 9월 16일

액티브 트레이드

Adjusted point B of the triangle. Still not broken - so technical it's all intact. Waiting for the move ...

2021년 9월 20일

노트

Adjusted point D of the triangle. So it's now drawn to its extreme points. Price remains still inside the triangle but another adjustment won't be possible. Let's see which side the price breaks.

2021년 9월 21일

노트

This is not a breakout but a fake-out. Depends of course how the day does end but it looks like a fake-out. So I'm not only fundamentally long in KC but also still technically.

2021년 9월 23일

노트

Finally - coffee makes a move:

2021년 9월 27일

노트

Valid triangle - looks bullish. It wouldn't wonder me if we achieve a new yearly high within this week ...

2021년 10월 12일

노트

Coffee looks good now. ;)
Short-term target of around 225 USX should be achieved already within the next days. ATM I'm very confident that the coffee price reaches also the original target zone around 250 USX.

2021년 10월 25일

노트

Looks like the coffee futures are forming the next bullish chart pattern (a bullish wedge) which could result in a continuation of the upwards move later this week:

2021년 11월 10일

노트

One triangle follows the next one ...

2021년 11월 15일

노트

Alright, 225 USX has been reached, and it doesn't look toppy, nor does the seasonality implies a change of price direction. So the next target is 257 USX. If not this month then it will be reached in December properly.

2021년 12월 3일

노트

So the coffee futures are consolidating in the next symmetric triangle. As always - it's possible that this triangle gets resolved to the upside OR to the downside. According to the technical market structure and the fundamental data, it is much more likely that this triangle gets resolved to the upside.

Nevertheless, a correction to the downside, reaching 233 USX, is possible and does not destroy the bullish outlook at all.

2021년 12월 12일

노트

One fake out to the upside - now a test of the bottom side. If the bottom breaks, it's a bearish signal. Despite the fact that IMO fundamentally we've got some room to the upside.

2021년 12월 22일

노트

Could look promising, but we need honestly still another touch of the bottom line of this bullish wedge that I could call it valid. Perhaps the upper line needs to be adjusted as well. We'll see. According to fundamentals, I'm still bullish - these are only the technical things ...

2021년 12월 30일

노트

I've readjusted the bullish wedge pattern and it seems to be valid now. It gives a bullish outlook on the price in 2022. I expect in January 2022 another pump in the coffee price in the direction of 260 USX.
Have a good New Year's Eve and a Happy New Year - we see us all in 2022! ;)

2022년 1월 4일

노트

If 225 USX cannot be broken to the downside, I see a continuation in the bullish trend in coffee:

2022년 1월 11일

노트

The next little consolidation pattern is forming before take-off:

2022년 2월 3일

노트

Finally - the signs are on continuation of the bullish trend again:

2022년 2월 28일

매매 수동청산

Closed manually and completely. It could be that the price will rise until summer but for now I expect rather a correction and sometimes it's good to log in your profits. ;)