For all you coffee lovers, this is developing for a nice trade.
I'm not going to over-complicate it with fundamentals, but because this commodity likes to be cyclical, we could see some nice move upwards in the second half of the year. But, of course, this is just speculation, as different political, economical and natural elements could change the game along the way.
But, watch the lower small trend line. If we bounce, then could be a potential for a LONG.
But if we close below, then could open up the possibility for a SHORT.
Keep an eye on the price action!
I'm not going to over-complicate it with fundamentals, but because this commodity likes to be cyclical, we could see some nice move upwards in the second half of the year. But, of course, this is just speculation, as different political, economical and natural elements could change the game along the way.
But, watch the lower small trend line. If we bounce, then could be a potential for a LONG.
But if we close below, then could open up the possibility for a SHORT.
Keep an eye on the price action!