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Hi, great site,every day I'm starting with your update. I'm big fun of aud/usd and coffee,what is your opinion about big reversal of coffee and next move in aud/usd (today's lack of follow through)? best regards Witold
AUD 0.8850 should be the lowest if it pulls back from here. I think it is getting ready for one more big up move. I think the momentum will increase as traders become convinced that it reversed for good. Need to be patient here. Coffee is one of my best calls. First target 170 and maybe even higher after that. I need to see how it reaches there. My position is a very long term one. I will sit tight and wait now.
If we are talking probabilities, copper has a higher probability of breaking the blue resistance up rather than coming back to 300. If it does come back to 300, it would be a better long. By the way, natgas short at 5.638 may turn out to be my best call to date.
I see :) I like the sound of Coffee to 300. Entirely possible but look at this chart. The previous peaks over 300 were followed by 50 eventually Of course it took years. If coffee comes to 50 again, that would be an all-in investment for me. :)
Hi,
ReplyDeletegreat site,every day I'm starting with your update. I'm big fun of aud/usd and coffee,what is your opinion about big reversal of coffee and next move in aud/usd (today's lack of follow through)?
best regards Witold
AUD 0.8850 should be the lowest if it pulls back from here. I think it is getting ready for one more big up move. I think the momentum will increase as traders become convinced that it reversed for good. Need to be patient here. Coffee is one of my best calls. First target 170 and maybe even higher after that. I need to see how it reaches there. My position is a very long term one. I will sit tight and wait now.
ReplyDeleteIf we are talking probabilities, copper has a higher probability of breaking the blue resistance up rather than coming back to 300. If it does come back to 300, it would be a better long. By the way, natgas short at 5.638 may turn out to be my best call to date.
ReplyDeleteI see :) I like the sound of Coffee to 300. Entirely possible but look at this chart. The previous peaks over 300 were followed by 50 eventually Of course it took years. If coffee comes to 50 again, that would be an all-in investment for me. :)
ReplyDelete