Arabica Coffee Technical Analysis | Arabica Coffee Trading: 2021-02-25 | IFCM UAE
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Arabica Coffee Technical Analysis - Arabica Coffee Trading: 2021-02-25

COFFEE Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 139.55

Buy Stop

Below 126.68

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2452
IndicatorSignal
RSI Sell
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

COFFEE Chart Analysis

COFFEE Chart Analysis

COFFEE Technical Analysis

The #C-COFFEE technical analysis of the price chart in daily timeframe shows #C-COFFEE,Daily is rising above the 200-day moving average MA(200), which is rising itself. We believe the bullish momentum will continue as the price breaches above the upper Donchian boundary at 139.55. A pending order to buy can be placed above that level. The stop loss can be placed below 126.68. 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 cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Commodities - COFFEE

Rabobank revised downward Brazil’s coffee output estimate. Will the COFFEE price continue rebounding?

Rabobank downgraded Brazil’s coffee output estimate yesterday. The Dutch bank is a global leader in food and agriculture financing, and after a new crop survey Rabobank cut its estimate for Brazil coffee production for the coming July 2021 to June 2022 coffee year by 2.1% to 56.20 million bags. Lower supply estimates are bullish for coffee price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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