{"id":138060,"date":"2018-11-29T10:35:17","date_gmt":"2018-11-29T15:35:17","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=138060"},"modified":"2018-11-29T07:39:37","modified_gmt":"2018-11-29T12:39:37","slug":"coffee-analysis-colombia-higher-crop-bearish-for-coffee-prices","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2018\/11\/coffee-analysis-colombia-higher-crop-bearish-for-coffee-prices\/","title":{"rendered":"COFFEE Analysis &#8211; Colombia higher crop bearish for coffee prices"},"content":{"rendered":"<div id=\"inves-3742940229\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">November 29, 2018<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p><strong>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/strong><\/p>\n<p><strong>Colombia higher crop bearish for coffee prices<\/strong><\/p>\n<blockquote><p>Colombia coffee production rose in October while Uganda\u2019s exports fell. Will <a href=\"https:\/\/www.ifcmarkets.com\/en\/market-data\/coffee\">coffee prices<\/a> continue declining?<\/p><\/blockquote>\n<p>Uganda\u2019s coffee exports fell 8.1% in October 2018, the first month of the new 2018\/19 season, over the same month last year to 350,743 60-kg bags, according to the state-run Uganda Coffee Development Authority (UCDA). Lower coffee exports indicate weaker coffee demand. Two weeks before the UCDA report data from Colombia\u2019s National Federation of Coffee Growers showed Colombia\u2019s coffee production in October rose 1.2% to 1.086 million 60-kg bags from 1.073 mln in the same month last year. Colombia is the world\u2019s third top producer of coffee, and Uganda is the eighth biggest producer. Rising supply with weaker demand 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:\/\/ifccd.net\/uploads\/image\/COFFE_O_29Nov2018.png\" alt=\"Coffee price falls below MA(200) Technical Analysis IFC Markets chart \" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe the <b>COFFEE: D1 <\/b> has been retracing following the decline after hitting ten-month high in mid-October.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator<\/b> gives a sell signal.<\/li>\n<li>The <b>Donchian channel <\/b> indicates no trend yet: it is flat.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a neutral signal: it is below the signal line and the gap is steady.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\"> RSI indicator <\/a> is falling but has not breached into oversold the zone.<\/li>\n<\/ul>\n<p>We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 109.73. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian channel at 116.70. 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 probable profit\/loss ratio to the breakeven point. If the price meets the stop loss level (116.70) without reaching the order (109.73), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.<\/p>\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\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 109.73<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 116.70<\/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><div id=\"inves-1406695932\" 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","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Colombia higher crop bearish for coffee prices Colombia coffee production rose in October while Uganda\u2019s exports fell. Will coffee prices continue declining? Uganda\u2019s coffee exports fell 8.1% in October 2018, the first month of the new 2018\/19 season, over the same month last year to 350,743 60-kg bags, according to the state-run Uganda [&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-138060","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138060","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=138060"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138060\/revisions"}],"predecessor-version":[{"id":138085,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/138060\/revisions\/138085"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=138060"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=138060"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=138060"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}