• 826 days Will The ECB Continue To Hike Rates?
  • 826 days Forbes: Aramco Remains Largest Company In The Middle East
  • 828 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,228 days Could Crypto Overtake Traditional Investment?
  • 1,233 days Americans Still Quitting Jobs At Record Pace
  • 1,235 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,238 days Is The Dollar Too Strong?
  • 1,238 days Big Tech Disappoints Investors on Earnings Calls
  • 1,239 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,241 days China Is Quietly Trying To Distance Itself From Russia
  • 1,241 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,245 days Crypto Investors Won Big In 2021
  • 1,245 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,246 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,248 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,249 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,252 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,253 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,253 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,255 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

Another Retail Giant Bites The Dust

Another Retail Giant Bites The Dust

Forever 21 filed for Chapter…

  1. Home
  2. Markets
  3. Other

Coffee Getting Roasted ($KC)!

First off, I am merely a Coffee lover not a Coffee trader. I haven't traded a single contract of KC ever.

But I just wanted to quickly take a peek at the EW structure of Coffee as it is brewing up a lot of interest lately on Timeandcycles.com with its continuous drip lower.

This is not a timing post or short term post, just a long term Coffee prognostication based on EW structure.

With that out of the way, I see nothing BULLISH in Coffee chart, it may find floor at 108.68 and/or go to 128-130 first or after hitting 108.68 over the next 4-5 weeks. 128-130 is serious EW structure resistance that will cause resumption of downtrend. As long as this range level holds on DAILY CLOSES, chances are Coffee is retracing towards the base of 2002 rally longer term, but a print sub-80 over the next few years may provide some temporary relief to the drip. So let us say for now Coffee has a target of 80 over next couple years.

Good luck!

KCZ13 Monthly - 25 Year Chart
Larger Image

 

Back to homepage

Leave a comment

Leave a comment