Fundamentally, Despite the brazil "Real" currency's historic low value and Covid-19, Coffee's supply is expected to be reduced while the demand is expected to rise.
Simply put, we are running short of Coffee!
seekingalpha.com/article/4336442-coffee-prices-expected-to-rise
Technically, the Multiyear down trendline has broken, and currently, coffee price is rising with up trendline support!
Simply put, we are running short of Coffee!
seekingalpha.com/article/4336442-coffee-prices-expected-to-rise
Technically, the Multiyear down trendline has broken, and currently, coffee price is rising with up trendline support!
ノート
ノート
Entry point: at or below the yellow line above the trendline (green)S/L: Below the purple line if your size is big to you, and below the red line, cut loss unless you are willing to wait a long time.
ノート
ノート
This is a monthly chart.Historically, after breaking out the down trendline, coffee showed massive spikes.
But it could take years sometimes..
So this can become a long term investment, at least 6month to 2 years (depending on the Covid-19).
Many experts expect the coffee price to go higher in 2020 and even higher in 2021
Ticker JO is the 1x ETF for Coffee and it has a low fee for a commodity eft.
トレード稼働中
Looks valid so far. We might see really expensive coffees in the coming years
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