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Is Coffee Percolating Again?


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Looking at KCU18 we saw a low hit last Thursday August 2 at 106.00 as a break occured below 108.00, previous support.

The next 3-days we have seen this market climb back above 108.00 to test 110.00 on Monday and Tuesday. At this time we see a correction taking place from oversold territory as this becomes a weak trending market and price action could be looking for a range top. On the chart 112.00 looks like a possibility. If Wedesday and move and close above 110.00 something I will be watching for, the move to 112.00 is next. Notice if that happens the Parabolic gets triggered. and we will see DI+ cross up over DI- showing buyers taking control. The correction could continue as price action heads north of 112.00 until we see signs of strength in trend to the move up. The best and most effective way to measure this and market condition keep an eye on ADX turning up with DI+ rising above DI-. Keep in mind seasonally a ride up begins July 22 and continues into August and early September. A bit choppy on the ride up through August. Watch closely as a break and close over 112.00 puts 116.00 in play. For a 10-year historical view of recommended trades at Trends in Futures email Trading@TrendsinFutures.com and put OTE in the subject line.



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With over twenty-five years of trading experience, Gary managed Futures Learning Center (a division of Futures Magazine) from 1997 until 2006. For thirteen of those years he has helped thousands of retail traders learn to trade to win and stop trading not to lose. For the past 7 years he has written Futures Magazine's popular weekly e-newsletter Market Pulse, as well as articles for the magazine. He has also been quoted in the Wall Street Journal.  When Gary's group was sold to Commodity Research Bureau, he quickly realized the excellent stable of trading tools that CRB offered to traders.  One tool Gary focused on was the Electronic Futures Trend Analyzer (later called TrendTrader) because it provided specific trade recommendations.  Gary soon realized that when these trade recommendations were in agreement with his toolbox of trading indicators, including his analysis of the new Disaggregated Commitments of Traders report (COT), that these became high probability trades.  That is when www.TrendsinFutures.com was created. With Trends in Futures you get specific trade recommendations with instant access to daily and weekly charts Gary created to get proper chart confirmations. Gary also wanted to make this educational so traders learn to trade to win and stop trading not to lose. So you also will have access to Gary’s video commentary on the trades Trends in Futures recommends, and video commentary on current open trades plus educational videos. Gary feels that bringing together the best of CRB with his trading experience that they have created the best trading tool for consistently catching all of the major market moves year after year. See for yourself how www.TrendsinFutures can make you more profitable by taking a 30-day free trial. “I am dedicated to your trading success. Are you?”  Stop making your broker rich and take the 30-day free trial now!

TRADING IN COMMODITY FUTURES OR OPTIONS INVOLVES SUBSTANTIAL RISK OF LOSS. PAST RESULTS ARE NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. 

 

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