{"id":96266,"date":"2016-10-03T07:28:28","date_gmt":"2016-10-03T11:28:28","guid":{"rendered":"http:\/\/countingpips.com\/?p=96266"},"modified":"2016-10-03T07:28:28","modified_gmt":"2016-10-03T11:28:28","slug":"c-coffee-commodities-coffee-prices-technical-analysis-october-03-2016","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2016\/10\/c-coffee-commodities-coffee-prices-technical-analysis-october-03-2016\/","title":{"rendered":"#C-COFFEE: Commodities Coffee Prices Technical Analysis October 03, 2016"},"content":{"rendered":"<div id=\"inves-1665028117\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 3, 2016<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p><strong>Coffee exports from Vietnam increased in September<\/strong><\/p>\n<p>Since the beginning of the year, world <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/commodities\/coffee\"> coffee <\/a> prices rose by 23% on the background of poor harvest forecasts. Meanwhile, according to the International Coffee Organization, the world exports have not changed significantly due to the realization of stockpiles. Will this lead to the downward correction in prices?<\/p>\n<p>During 11 months of the 2015\/16 agricultural season, which started on October 1 of the last year, world coffee exports decreased only by 1% to 102, 75 sacks weighing 60 kg. In addition, world exports of Asian \u201cRobusta\u201d coffee fell by 7, 7% to 37, 43 million sacks, and world exports of Latin American \u201cArabica\u201d rose by 3, 4% to 65, 33 million sacks. International Coffee Organization provided data till August of the current year. On Thursday, the General Statistics Office of Vietnam, which is the largest producer of \u201cRobusta\u201d coffee, announced about the increase in coffee exports in September to 2 million sacks.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/30-09-2016.png\" alt=\"Coffee D\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily chart <b>Coffee: D1<\/b> D1 decreased and reached the support level of the uptrend. The further decline in prices is possible in case its supplies on the world market continue increasing in the beginning of a new agricultural season. Current prices are approximately a quarter higher than the last year\u2019s level, which stimulate producers to sell the stockpiles. In the future, coffee dynamics will be affected by the predictions of new harvest.<\/p>\n<ul class=\"emailSummary\">\n<li><b>Parabolic indicator<\/b> gives a signalsto sell.<\/li>\n<li><a href=\"http:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands<\/a> are narrowing which means lower volatility<\/li>\n<li><a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI<\/a> is near 50 and has formed negative divergence.<\/li>\n<li><a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD<\/a> gives bearish signals.<\/li>\n<\/ul>\n<p>The bearish momentum may develop in case the coffee prices fall below the last fractal low and the support lines of the uptrend: 150. This level may serve as the point of entry. The initial stop-loss may be placed above the last fractal high, which is the maximum for 19 months, Parabolic signal and upper Bollinger bands at 162. Having opened the pending order we shall move the stop to the next fractal high following the Parabolic and Bollinger signals.<br \/>\nThus, we are changing the probable profit\/loss ratio to the breakeven point. The most risk-averse traders may switch to the 4-hour chart after the trade and place there a stop-loss moving it in the direction of the trade. If the price meets the stop-loss level at 162 without reaching the order at 150, we recommend cancelling the position: the market sustains internal changes which were not taken into account.<\/p><div id=\"inves-1287619865\" 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\">Sell<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Sell stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">Below 150<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">Above 162<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Coffee exports from Vietnam increased in September Since the beginning of the year, world coffee prices rose by 23% on the background of poor harvest forecasts. Meanwhile, according to the International Coffee Organization, the world exports have not changed significantly due to the realization of stockpiles. Will this lead to the downward correction [&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-96266","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96266","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=96266"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96266\/revisions"}],"predecessor-version":[{"id":96269,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/96266\/revisions\/96269"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=96266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=96266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=96266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}