Analysis of coffee trends on 18/06/2018

Analysis of Robusta coffee trends on 18/6/2018

 
1. Analytical Chart: Robusta7 / 2018 1 hour time frame (current price: 1706).
 
2. Finding out: The price line is generally accumulating in the price channel with a reversal phase above the upper band of this channel which is expected to challenge the zone of 1715 and then weaken again. Fluctuation below 1695 resistance could lead to a bearish lag 1670 before recovering in the short term.

3. Strategic advice:
Currently only surfing should be short with trading volume is relatively low.

4. Expected range: This session is expected after the opening of the session, the price could maintain above the 1695 level and then phase up to 1715 and then weakening at the end of the session. Expected price range: 1695 - 1715.

5. Expected trend: price increase.

6. Auxiliary scenario: A rise in 1715 is likely to accelerate to 1725 and then fall again. If dropped below 1695, then quickly reduced to 1685 then restored.
7. Resistance levels: 1715 - 1725 - 1750 - 1760 - 1770.

8. Support levels: 1695 - 1685 - 1670 - 1650 - 1630.

Arabica coffee trend analysis on 18/6/2018 (18-06-2018)
 
Analyze the trend of Arabica coffee on 18/6/2018
 
1. Diagram analysis: Arabica9 / 2018 time frame of 4 hours (current price: 117.55).

2. Finding out: The price line is generally in the short term phase with a challenging target of 115.50 before moving in a new direction. If the resistance of 115.50 hold firmly, the price will have a correction phase increase. In case of further drop can challenge the bar 115.00 then recover quickly back.

3. Strategic advice:
Trading should be short and low to buy.

4. Expected range: Today's session is expected after the opening of the session, the price could sustain pressure from 117.60 then fall to 116.50 and then cautiously accumulate between 116.50 and 117.60 at the close. Expected price range: 116.50 - 117.60.

5. Expected trend: Neutral.

6. The secondary scenario: The upside penetration of 117.60 is likely to accelerate to 118.50 and then weaken. If you drop below 116.50, then reduce to 116.00 then recover.
 
7. Resistance levels: 117.60 - 118.50 - 120.00 - 121.50 - 124.50.
 
8. Support levels: 116.50 - 116.00 - 115.50 - 115.00 - 114.00.

(For reference only)

Author: HNH @ 09h15