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Arabica Coffee Technical Analysis - Arabica Coffee Trading: 2021-11-25
COFFEE Technical Analysis Summary
Above 247.8
Buy Stop
Below 205.6
Stop Loss
| Indicator | Signal |
| RSI | Sell |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
COFFEE Chart Analysis
COFFEE Technical Analysis
The technical analysis of the COFFEE price chart in daily timeframe shows #C-COFFEE,Daily is rebounding above the 200-day moving average MA(200) after testing the support line. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 247.8. A pending order to buy can be placed above that level. The stop loss can be placed below 205.6. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend canceling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Commodities - COFFEE
Traders increased their net long position in coffee last week, according to the Commodity Futures Trading Commission latest report. Will the COFFEE price continue rallying?
Managed Money funds raised their net long position in coffee market by 15.94% over the week ending November 16, to a net long position of 55,284 lots, according to the latest Commitment of Traders report. At the same time the longer term in nature Index Funds traders increased their net long position by 6.71%, to a net long position of 59,493 lots. Meanwhile, the Non-Commercial Speculative sector traders raised their net long position by 14.88% to a net long position 46,585 lots. The three of the above sectors are considered speculative traders. Increasing net short positions of speculative traders in coffee is bullish for coffee price.
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