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Starbucks (SBUX) bullish scenario:The technical figure Triangle can be found in the US company Starbucks Corporation (SBUX) at daily chart. Starbucks Corporation is an American multinational chain of coffeehouses and roastery reserves headquartered in Seattle, Washington. It is the world's largest coffeehouse chain. As of November 2021, the company had 33,833 stores in 80 countries, 15,444 of which were located in the United States. Out of Starbucks' U.S.-based stores, over 8,900 are company-operated, while the remainder are licensed. The Triangle has broken through the resistance line on 21/05/2022, if the price holds above this level you can have a possible bullish price movement with a forecast for the next 4 days towards 79.10 USD. Your stop loss order according to experts should be placed at 70.36 USD if you decide to enter this position. After 15 years in the country, Starbucks announced it was exiting Russia. Starbucks to close 130 stores in Russia, unionization push expands to over 260 U.S. stores. n addition, as a result of its exit from Russia, the fast food giant said it expected to record a charge of approximately $1.2 to 1.4 billion to write off its net investment in the market and recognize significant foreign currency translation losses. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ:SBUXLong
by legacyFXofficial
1
Volatility 19 May 22 Grains Commodities Futures CORN ZC Futures 19 May 2022 Based on the HV measures from the last 5612 candles our expected volatility for today is around 1.59% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.99% This is translated into a movement from the current opening point of 15.48 With this information our top and bottom , with close to 85% probability for today are going to be TOP 797.5 BOT 766.5 WHEAT ZW Futures 19 May 2022 Based on the HV measures from the last 5600 candles our expected volatility for today is around 2.84% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.55% This is translated into a movement from the current opening point of 43.13 With this information our top and bottom , with close to 84% probability for today are going to be TOP 1265.34 BOT 1178.65 SOYBEAN ZS Futures 19 May 2022 Based on the HV measures from the last 5600 candles our expected volatility for today is around 1.19% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.49% This is translated into a movement from the current opening point of 24.82 With this information our top and bottom , with close to 84% probability for today are going to be TOP 1688.5 BOT 1639 OAT ZO Futures 19 May 2022 Based on the HV measures from the last 5600 candles our expected volatility for today is around 2.43% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.04% This is translated into a movement from the current opening point of 19.56 With this information our top and bottom , with close to 84% probability for today are going to be TOP 664.35 BOT 625.15 COCOA CC Futures 19 May 2022 Based on the HV measures from the last 5615 candles our expected volatility for today is around 1.46% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 1.82% This is translated into a movement from the current opening point of 44.98 With this information our top and bottom , with close to 85% probability for today are going to be TOP 2550.62 BOT 2459.4 COTTON CT Futures 19 May 2022 Based on the HV measures from the last 5615 candles our expected volatility for today is around 2.24% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 2.8% This is translated into a movement from the current opening point of 4 With this information our top and bottom , with close to 85% probability for today are going to be TOP 148.5 BOT 140.5 COFFEE KC Futures 19 May 2022 Based on the HV measures from the last 5615 candles our expected volatility for today is around 2.94% However, in order to increase our accuracy I am going to use a 1.25x multiplier => 3.67% This is translated into a movement from the current opening point of 7.92 With this information our top and bottom , with close to 83% probability for today are going to be TOP 226 BOT 210
ICEUS:KC1!
by exlux
What’s brewing with coffee futures?Like most commodities, London coffee futures saw a massive price uptrend in 2021. However, since the beginning of 2022, it's finally cooled off to an eight and half month low. As a silver lining, perhaps more interesting price action is currently heading our way. With a very sharp fall during the last two weeks of February it's since consolidated, trading between $2,000 and $2,200 per metric tonne. As of writing, London robusta coffee futures (LRC) are trading at $2,099 per metric tonne. For London coffee futures, May is typically a ranging month with price starting to pick up towards the second half of June. More often than not, highs of the year are made during the June and July months. However, seasonal trends will be butting up against the possibility that coffee prices are still overextended from 2021’s price hike. Where could coffee prices reasonably head? Looking at the daily chart with the Awesome Oscillator indicator, we can see some slight divergence. In spite of its undescriptive name, the Awesome Oscillator details trends and shifts in momentum. On the chart above, can see that the indicator is showing signs of a shifting momentum since the first week of March. With price consolidating, the indicator has slowly crept back up to its zero line, failing to keep correlation to the actual price and trend of the price chart. This could be a suggestion that price may make its way towards June and July highs. If so, the bigger question is if it will actually create the yearly high as well before making its way back down. In respect to fundamentals, it has been noted that Brazil is currently harvesting a record setting yield of robusta coffee beans. However, the risk of frost hitting Brazil’s crop might not have been priced into its current trading price. Start trading coffee futures with live and demo accounts today
L
by BlackBull_Markets
Coffee C Futures ( KC1! ), H1 Potential for Bullish bounceType : Bullish Bounce Resistance : 225.40 Pivot: 221.95 Support : 219.75 Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback support. Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 219.75 in line with the horizontal pullback support and 38.20% Fibonacci retracement. Fundamentals: No Major News Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
ICEUS:KC1!Long
by Genesiv
Sugar and FCOJ Take the Bullish BatonThe soft commodities sector of the commodity market can be highly volatile. Historically, sugar, coffee, cotton, cocoa, and frozen concentrated orange juice futures that trade on the Intercontinental Exchange have doubled, tripled, and halved in value over short periods. While clothing and other consumer goods depend on the cotton market, the other sector members are foods. The soft commodity sector rose in 2021, and Q1 2022 Coffee and cotton rose to multi-year highs in 2022 FCOJ takes off on the upside in April and makes a new multi-year high Sugar could be next for three reasons Trading softs from the long side- Buy those dips Brazil is the world’s leading producer and exporter of three of the soft commodities; sugar, coffee, and oranges. Sugar comes from two sources, sugar beets and sugarcane. Brazil’s tropical climate makes it the leading sugarcane producer. Arabica coffee beans are popular in the US and other areas, while Robusta beans produce espresso coffees. Brazil leads the world in Arabica production. While many people associate orange production with Florida and California, Brazil is the world’s top orange producer. Cocoa, the primary ingredient in chocolate confectionery products, comes mainly from West Africa, as the Ivory Coast and Ghana produce over 60% of the world’s annual supplies. Soft commodities are agricultural products, so the weather in growing areas typically determines the prices each year. Since the 2020 pandemic, the price action has been anything but ordinary. The two latest soft commodities to lead the sector on the upside have been sugar and FCOJ futures. The soft commodity sector rose in 2021, and Q1 2022 In 2021, the composite of the five soft commodities that trade in the futures markets on the Intercontinental Exchange rose 31.57%. In Q1 2022, the softs added to gains, rising 6.58%, with all five members posting gains. Cotton futures led the softs higher with a 20.51% gain. Cocoa futures moved 5.16% to the upside, with FCOJ posting a 3.86% gain. Sugar rallied 3.23%, and Arabica coffee futures eked out a 0.13% gain. Meanwhile, coffee and cotton rose to new multi-year highs during the first three months of 2022. Coffee and cotton rose to multi-year highs in 2022 In June 2020, coffee futures made a higher low under the $1 per pound level before taking off on the upside. The weekly chart shows the bullish trend of higher lows and higher highs that took coffee futures to $2.6045 per pound in early February 2022. Coffee futures rose to the highest price since 2011. Cotton futures also rose to the highest level since 2011, peaking at the $1.4614 per pound level in April 2022. Coffee futures were over the $2.20 level, with cotton above $1.40 on April 14. FCOJ takes off on the upside in April and makes a new multi-year high Frozen concentrated orange juice futures are the least liquid of the five soft commodities, based on daily volume and open interest metrics. While the FCOJ futures arena rose to a new multi-year high in Q1 2022, the bullish price action continued in April with higher highs. The chart shows that nearby FCOJ futures rose to $1.8660 per pound last week, the highest level since March 2017. The all-time high in the orange juice market came in 2016 at $2.35 per pound. Brazil is the leading producer and exporter of oranges and Arabica coffee beans. The South American country also is the leader in free-market sugarcane production and exports. Sugar could be next for three reasons Sugar futures rose to 20.69 cents per pound in November 2021, the highest price since February 2017. The weekly chart shows that sugar futures were above the 20 cents per pound level last week. Sugar is approaching the first technical resistance level at the November 2021 20.69 cents high. Above there, the next target is at the October 2016 23.90 high, which is a technical gateway to the 2011 36.08 cents per pound peak. Three factors support sugar prices in April 2022: Rising inflation is lifting all commodity prices, and the trend is always your best friend in markets across all asset classes. Rising crude oil and natural gas prices support sugar. Crude oil is over the $100 per barrel level, and natural gas stopped just short of $7 per MMBtu last week. Multi-year highs in the energy market support sugar as it is the primary input in Brazilian ethanol production. As more sugarcane goes into ethanol production, less is available for exports. Sugarcane production costs are increasing as they are labor-intensive. The rising Brazilian real makes sugar more expensive to produce. The chart illustrates the technical breakout to the upside in the Brazilian currency against the US dollar. A higher real increases the cost of production, putting upside pressure on sugar’s price. Trading softs from the long side- Buy those dips Stocks and bonds have been shaky in 2022, and cryptocurrencies have not yet of the slump that took prices lower since the November 2021 highs. Commodities have been the place to be for investors and traders over the first four months of 2022. The latest inflation report will likely keep the bullish party in raw material markets going. I remain bullish on soft commodities as they are highly volatile and can offer explosive returns. Sugar is my top choice as of April 15, as the sweet commodity loosed poised to eclipse the 2021 high on its way to higher ground. Meanwhile, I favor all soft commodities in the current environment. The optimal approach to the sector has been buying on price weakness, and I expect that to continue. Bull markets rarely move in straight lines, and corrections can be the best route to optimizing returns over the coming weeks and months. -- Trading advice given in this communication, if any, is based on information taken from trades and statistical services and other sources that we believe are reliable. The author does not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects the author’s good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice the author provides will result in profitable trades. There is risk of loss in all futures and options trading. Any investment involves substantial risks, including, but not limited to, pricing volatility, inadequate liquidity, and the potential complete loss of principal. This article does not in any way constitute an offer or solicitation of an offer to buy or sell any investment, security, or commodity discussed herein, or any security in any jurisdiction in which such an offer would be unlawful under the securities laws of such jurisdiction.
ICEUS:OJ1!Long
by Andy_Hecht
12
Coffee Futures ( KC1!), H1 Potential for Bullish BounceType : Bullish Bounce Resistance : 227.70 Pivot: 221.75 Support : 219.20 Preferred case: We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension. Alternative scenario: Alternatively, price may break our pivot structure and head for 1st support at 219.20 in line with 138.2% Fibonacci extension. Fundamentals: No major news.
ICEUS:KC1!Long
by Genesiv
$SBUX Key Levels, Analysis, & Targets$SBUX Key Levels, Analysis, & Targets So I do think that here I’m going to start with target 2 - but target 1 might catch it. I’m still aiming for 2. Swing setup 1 at 79.11 1 at 71.06 2 at 60.85 4 at 50.02 (Then multiply by your multiplier (x5, x10, x100, x1000, etc to find your position size) --- I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed. GL and happy trading. IF you need anything analyzed Technically just comment with the Ticker and I’ll do it as soon as possible…
NASDAQ:SBUXShort
by SPYder_QQQueen_Trading
2
Coffee Futures (KCK2022), H1 Potential for Bearish Dip!Type: Bearish Dip Resistance : 229.45 Pivot: 227.30 Support : 220.80 Preferred case: We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level. Alternative scenario: Price might move towards the 1st resistance level of 229.45 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Fundamentals: No major news
ICEUS:KCK2022Short
by Genesiv
KCK2022 (Coffee Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 228.10 Pivot: 220.20 Support : 214.00 Preferred Case: Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator. Alternative scenario: Price might also dip towards the 1st support level of 214.00 in line with 61.8% Fibonacci projection and 78.6%% Fibonacci retracement. Fundamentals: No Major News
ICEUS:KCK2022Long
by Genesiv
KCK2022 (Coffee Futures) | H4 Bearish MomentumType : Bearish Momentum Resistance : 220.95 Pivot: 213.75 Support : 200.60 Preferred Case: Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator. Alternative scenario: Price could also head towards the 1st resistance level of 220.95 in line with 61.8% Fibonacci projection and 38.2%% Fibonacci retracement. Fundamentals: No Major News
ICEUS:KCK2022Short
by Rockqet
KCK2022 (Coffee Futures) | H4 Bullish BounceType : Bullish Bounce Resistance : 220.75 Pivot: 211.10 Support : 204.70 Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level. Alternative scenario: Price could also head towards the 1st support level of 204.70 in line with 78.6% Fibonacci projection and 138.2%% Fibonacci extension . Fundamentals: No Major News
ICEUS:KCK2022Long
by Rockqet