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Arabica Coffee Technical Analysis - Arabica Coffee Trading: 2023-04-10
Coffee Technical Analysis Summary
Above 184
Buy Stop
Below 164
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| MA(200) | Neutral |
| Fractals | Neutral |
| Parabolic SAR | Buy |
| Bollinger Bands | Neutral |
Coffee Chart Analysis
Coffee Technical Analysis
On the daily time frame, COFFEE: D1 came out of the bullish flag and the long-term downtrend. A number of technical analysis indicators formed signals for further growth. We do not rule out a bullish movement if COFFEE: D1 rises above the last up fractal and the upper Bollinger band: 184. This level can be used as an entry point. The initial risk limit is possible below the Parabolic signal, the last lower fractal and the lower Bollinger band: 164. After opening a pending order, we 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 trade can switch to a four-hour chart and set a stop loss, moving it in the direction of movement. If the price overcomes the stop level (164) without activating the order (184), 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
The world's supply of coffee may decline. Will COFFEE quotes continue to grow?
The International Coffee Organization (ICO) reported a decrease in global coffee exports from October 2022 to February 2023 by -8.7% to 48.7 million bags (60 kg each). The ICO does not exclude the continuation of the global coffee shortage in the 2022/2023 agricultural season. It may even increase to -7.3 million bags. In the 2021/2022 season, the deficit was -7.1 million bags. Global demand for coffee is expected to continue to outpace supply. A positive factor for arabica quotes may also be bad weather conditions in Brazil and Central America.
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