Blog Archives

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

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

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

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

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

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