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Coffee … Substantial Bullish Potential, Short Term Overbought

Coffee C futures (symbol: KC) have rallied from the $1.0095/lb support level on 07Nov13 to $2.1320/lb as of this writing on 22Apr14. The price action is impulsive and occurs on the back of strong volume and higher volatility. Although overbought

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Coffee … Impressive Reversal

Coffee C futures (symbol: KC) have rallied from the $1.0095/lb support level on 07Nov13 to $1.7570/lb as of 20Feb14 in an impulsive manner, with higher volatility and strong volume. Recall our 12Feb14 article ‘Coffee Rally to Test $1.50 Level’  (http://murphycofutures.com/coffee-rally-to-test-1-50-level/) “….. trend

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Coffee Rally to Test $1.50 Level

Coffee C futures (symbol: KC) has rallied from the $1.0095/lb support level (07Nov13) to $1.4415/lb as of 06Feb14. Quite a nice rally in percentage terms (42% in three months). The rally has occurred in the midst of strong volumes and

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Commodity Futures … A Look at the Big Picture

Every once in a while it makes sense to step back and take a look at the long term outlook for the commodity futures market. I prefer the Dow Jones UBS Commodity Total Return Index (DJUBSTR) for this purpose, given

Posted in Ag/Softs, Coffee C, Copper, Corn, Crude Oil, Energy, Equities, Metals, Natural Gas, NY Harbor ULSD, RBOB Gasoline, Renewables, Rice, S&P 500, Silver, Soybean, Sugar No.11, Uncategorized, Wheat Tagged with: , , , , , , , , , , , , , , , , , , , , , , ,

Coffee Finds Support

Coffee C futures (symbol: KC) find support at $1.0095/lb on 08Nov13. Reference our previous post of 18Oct13 recommending a trading range of $1.00-1.50/lb (http://murphycofutures.com/coffee-prices-exhausted/). Coffee prices have challenged and broken the minor downtrend line dating back to 4Q12.  Volatility continues

Posted in Ag/Softs, Coffee C, Uncategorized Tagged with: , , ,

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