Recommendation for COFFEE: Sell
Sell Stop : Below 97.88
Stop Loss : Above 102.77
| Indicator | Value | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Chart Analysis
On the 4-hour timeframe #C-COFFEE : H4 is falling below the 200-period moving average MA(200), which is falling itself. We believe the bearish momentum will continue as the price breaches below the lower Donchian boundary at 97.88. A pending order to sell can be placed below that level. The stop loss can be placed above 102.77. After placing the order, the stop loss is to be moved every day to the next fractal high, 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
Coffee imports by ICO members declined in June. Will the COFFEE price continue falling?