Coffee Rips to a Bullish Trend

Research Posts Breakfast Report

/ by nawadblueline | Leave a comment

Coffee breaks out and critical support remains at …….

Cocoa

Technicals (December)

Cocoa futures flipped to a Neutral trend on October 16, where only a close above 3637 or a breakdown close below 3410 determines the next trend. 

Bias: Neutral

Previous Session Bias: Neutral

Resistance: 3637**, 3700-3750***

Pivot: 3519 (50 DMA)

Support: 3410**, 3391**,  3300-3250***

Coffee

Technicals (December)

Coffee futures flipped to a Bullish Trend on October 17, and only a close below 146.59 takes the market back to a Bearish trend. 

Bias: Bullish/Neutral

Previous Session Bias: Neutral

Resistance: 160.40**, 163.58**, 165.34-166.00***

Pivot: 150.00

Support: 145.06***

Sugar

Technicals (March)

Sugar futures surged to a Bullish trend on October 9 at 27.18. It will take a close below 25.96 to bring it back to a Neutral trend.

Bias: Bullish/Neutral

Previous Session Bias: Bullish/Neutral

Resistance: 29.96**, 27.13-28.00***

Pivot: 25.96

Support: 25.30***

Cotton

Technicals (December)

Cotton futures slipped back into a Bearish Trend on October 17 at 83.23, where only a close above 88.24  will shift traders back to a Neutral Trend. 

Bias: Bearish/Neutral

Previous Session Bias: Neutral

Resistance:  88.24**, 89.00-90.00***

Pivot: 86.00

Support: 82.00-81.90**, 81.67***

Rough Rice

Technicals (November)

Yesterday’s washout has driven prices to a Bearish Trend at 15.795 on September 11. Once a close over 16.28 will drive prices back to a Neutral trend.  

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 16.28**, 17.00****

Pivot: 16.00

Support: 15.00**, 14.75***

Milk Class III

Technicals (October)

Milk futures slide to a Bearish Trend on September 18 at 17.80. Only a close over 18.00 will neutralize the new trend. 

Bias: Bearish/Neutral

Previous Session Bias: Bearish/Neutral

Resistance: 18.92***

Pivot: 18.00

Support: 17.25-17.00**

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

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Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

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