Roenbaeck

Coffee Arabica on the move

ICEUSA:KC1!   None
0
Still long with a stop-loss below the blue dotted line? You may as well stay long! Crossing the dotted line we move into undecisive territory. Beware, monitor, and adjust your stop-loss accordingly. Dropping below the green up-trend channel bottom and we are likely on our way to break the psychological 100 mark as well, not stopping until we reach the red down-trend channel bottom. In that case, go short and monitor daily, all longs are off the table for a while. Maintaining the position above the dotted line necessarily breaks the red channel roof before the second week in december, which would be a very good sign for those swinging their longs.

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