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Arabica Coffee Technical Analysis - Arabica Coffee Trading: 2021-09-27
Coffee Technical Analysis Summary
Above 200
Buy Stop
Below 179
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| MA(200) | Neutral |
| Fractals | Buy |
| Parabolic SAR | Sell |
| Bollinger Bands | Neutral |
Coffee Chart Analysis
Coffee Technical Analysis
On the daily timeframe, COFFEE: D1 moved up out of the triangle. Several technical analysis indicators have generated signals for further upside. Parabolic should also turn upward before opening a position. We do not exclude a bullish movement if COFFEE rises above the last high, the Parabolic signal and the upper Bollinger band: 200. This level can be used as an entry point. The initial risk limitation is possible below the last lower fractal and lower Bollinger line: 179. After opening a pending order, move the stop following the Bollinger and Parabolic signals to the next fractal low. Thus, we change the potential profit / loss ratio in our favor. The most cautious traders, after making a deal, can go to the four-hour chart and set a stop-loss, moving it in the direction of movement. If the price overcomes the stop level (179) without activating the order (200), it is recommended to delete the order: there are internal changes in the market that were not taken into account.
Fundamental Analysis of Commodities - Coffee
Agricultural agency Conab has lowered its forecast for Arabica coffee in Brazil. Will the COFFEE quotes continue to rise?
Conab forecasts a 2021 Arabica crop in Brazil at 30.7 million bags, a 12-year low. The new forecast is 8% less than the May estimate and 37% less coffee harvest in 2020. In theory, real coffee production could be even smaller, as Somar Meteorologia does not rule out drought in Brazil in the coming weeks.
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