Minds

Coffee Futures (Mar 2025) forum

Jan 29

Entry Level: $190
Stop Loss: $186
Target: $195-$199.00
Analysis:
The current entry level for initiating a short-term long position in US Coffee stands at $190. A prudent risk management strategy suggests setting a stop loss at $186 to mitigate potential losses in case of adverse price movements.

The target range for this long position is set between $195 and $199.00. This target zone reflects the anticipated price movement based on technical analysis indicators and market dynamics.
Traders should closely monitor price action and key support/resistance levels to assess the validity of this trading opportunity and adjust their positions accordingly.
For detailed insights, refer to rajeevprakash.com.

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Coffee: Price Trends and Future Outlook in the Commodities Market

This week we will analyze the commodities market with a focus on the future of coffee, represented by the ticker.

Since the formation of a fractal resistance on February 7, 2022, the price of coffee has been declining, reaching $142.05 after a -45.46% drop from the value of $260.45.

The December 2019 resistance formed at $142.45 is very close to the most recent support in January this year, which was at $142.05. This price behavior is an important indicator for the future of coffee.

We suggest finding an appropriate price to expose oneself to potential future upward movements.

We will use Fibonacci levels and the most recent price structure to identify a bullish pattern, highlighting the fractal support from January this year, formed at $142.05.

This support is converging with the 161.8% Fibonacci extension, a potential reversal extension. Here, a harmonic pattern may form, supported by the Fibonacci ratios and variables presented so far.

After the formation of this pattern, an upward movement can be expected up to $173.75, an attempt to recover about 22%.

However, it is important to note that a clear break below the support invalidates the harmonic pattern. Thus, we can minimize potential losses and manage positions well in case the market reacts accordingly.

Wishing you a fantastic day,

Good trades,

André Cardoso