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!
Nota
Nota
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.
Nota
Nota
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.
Dagangan aktif
Looks valid so far. We might see really expensive coffees in the coming years
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.