{"id":108923,"date":"2017-07-13T09:42:02","date_gmt":"2017-07-13T13:42:02","guid":{"rendered":"http:\/\/countingpips.com\/?p=108923"},"modified":"2017-07-13T07:57:03","modified_gmt":"2017-07-13T11:57:03","slug":"coffee-technical-analysis-weather-fungus-outbreak-bullish-for-coffee-prices","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/07\/coffee-technical-analysis-weather-fungus-outbreak-bullish-for-coffee-prices\/","title":{"rendered":"COFFEE: Technical Analysis &#8211; Weather, fungus outbreak bullish for coffee prices"},"content":{"rendered":"<div id=\"inves-1198619556\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">July 13, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Weather and fungus outbreak concerns are bullish for coffee prices<\/strong><\/p>\n<p>Cold seasonal weather in Brazil and coffee rust outbreak in Honduras may negative affect coffee supply. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/coffee\"> coffee prices <\/a> continue rising?<\/p>\n<p>The International Coffee Organization highlighted the risk of seasonal frost in Brazil which may negatively affect crop outlook in the top coffee producing country. Another factor with a potential negative impact for world coffee supply is the possibility of coffee leaf rust in Honduras. Coffee rust was found on some trees which were thought resistant to the fungal disease. Possible cold weather in Brazil and coffee rust outbreak in Honduras are bearish for coffee prices.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/www.ifcmarkets.com\/uploads\/images\/Coffee_13July2017.png\" alt=\"Coffee\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily chart <b> COFFEE:D1 <\/b>is rising after hitting 15 month low three weeks ago. Price has risen above the resistance line but is below the 50 -day moving average MA(50).<\/p>\n<ul class=\"emailSummary\">\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/parabolic\">Parabolic indicator<\/a> gives a buy signal.<\/li>\n<li>The <b>Donchian channel <\/b> gives no signal: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\"> MACD indicator <\/a> is neutral: no gap has developed with the signal line.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/stochastic\"> stochastic oscillator <\/a> is falling but has not reached the oversold zone yet.<\/li>\n<\/ul>\n<p>We believe the bullish momentum will continue after the price crosses above the MA(50) and the upper Donchian bound at 131.92. It can be used as an entry point for a pending order to buy. The stop loss can be placed below the last fractal low at 123.55. After placing the pending order the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets the stop-loss level (123.55) without reaching the order (131.92) we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-2661849306\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Technical Analysis Summary<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 131.92<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 123.55<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Weather and fungus outbreak concerns are bullish for coffee prices Cold seasonal weather in Brazil and coffee rust outbreak in Honduras may negative affect coffee supply. Will coffee prices continue rising? The International Coffee Organization highlighted the risk of seasonal frost in Brazil which may negatively affect crop outlook in the top coffee [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-108923","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108923","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=108923"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108923\/revisions"}],"predecessor-version":[{"id":108943,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/108923\/revisions\/108943"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=108923"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=108923"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=108923"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}