阿拉比卡咖啡 技術分析 - 阿拉比卡咖啡 交易: 2019-09-12

Lower Columbia coffee output bullish for coffee price

Columbia coffee output declined in August. Will the coffee prices continue rising?

On the daily timeframe the Coffee: D1 has breached above the resistance line and the 50-day moving average MA(50), these are bullish developments.

• The Parabolic indicator gives a buy signal.
• The Donchian channel indicates uptrend: it is titled up.
• The MACD indicator gives a bullish signal: it is below the signal line and the gap is narrowing.
• The RSI oscillator is rising but has not breached into overbought zone yet.

We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 102.75. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed above the last fractal low at 94.49. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (94.49) without reaching the order (102.75), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Technical Analysis Summary