Can Coffee commodities help us to predict the stock market ?
I don't know and this is based on my personal observation and not historical facts, so take it with a pinch of salt. Look at the Coffee chart carefully! It starts to reach the peak in Dec 2019 when it was at a high of 142. Two months later on 18 Feb 20, the SPX500 followed.
Go google yourself and you would find a ton of media news and gurus convincing the reasons why. That is why I said reading news are more for entertainment as it leaves me nothing but more question marks in my head.
Coffee finally soften its selling pressure when it went to a low of 94.75 for 2.5 months before it rebounded. Last week on 10 Aug 20, it finally broke out of the bearish trend line and look set to continue the bullish trend.
However, it looks like the SPX500 has rebounded much faster than Coffee.
Are you willing to bet on your cup of coffee that it will go higher from here while watching the stock market ?
I leave the choice to you. Do consider your portfolio allocation to commodities, capital management, position sizing, stop loss and risk management.
Trade safely
I don't know and this is based on my personal observation and not historical facts, so take it with a pinch of salt. Look at the Coffee chart carefully! It starts to reach the peak in Dec 2019 when it was at a high of 142. Two months later on 18 Feb 20, the SPX500 followed.
Go google yourself and you would find a ton of media news and gurus convincing the reasons why. That is why I said reading news are more for entertainment as it leaves me nothing but more question marks in my head.
Coffee finally soften its selling pressure when it went to a low of 94.75 for 2.5 months before it rebounded. Last week on 10 Aug 20, it finally broke out of the bearish trend line and look set to continue the bullish trend.
However, it looks like the SPX500 has rebounded much faster than Coffee.
Are you willing to bet on your cup of coffee that it will go higher from here while watching the stock market ?
I leave the choice to you. Do consider your portfolio allocation to commodities, capital management, position sizing, stop loss and risk management.
Trade safely
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Thus far, it is moving closely with the SPX500. Congrats to those who followed.
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It would be wise to take some profits of your Coffee commodity as it is now at a resistance level. Enjoy your profits and let the remaining run.
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Halleujah. Those who drink coffee and had bought this commodity. wouldn't your coffee smells even better this morning ? SPX500 is down now but your coffee continues to go up and up......
Congratulations !!!
Congratulations !!!
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remember to take some profits and see how much it co-relate with the SPX500
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i hope those who longed with us are either out or have taken profits as you can see how sharp the fall it is .......
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www.marketwatch...ars-11626975809?mod=home-p...
Those who keen to buy should wait for pullback. Praise God to those who continued holding full or partial lots of this futures.
Those who keen to buy should wait for pullback. Praise God to those who continued holding full or partial lots of this futures.