Oil To Move Lower? Coffee To Have Big Rally To 1.60?16/02/2017 11:40

We are focusing on 2 of the most widely consumed commodities in the world: oil and coffee.


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We are focusing on 2 of the most widely consumed commodities in the world: oil and coffee.

We believe WTI crude oil is losing momentum to the upside. On a weekly chart, the overbought conditions are not really extreme per se, but they do look compelling. This market has also maintained action beneath a key resistance line, which is bearish in our view. We would not be surprised to see a 5% drop in oil prices over the next month or two.

Coffee futures exploded to $1.80 not too long ago, yet they are back down to the mid $1.40's. We believe this market is ripe for buyers to aggressively re-enter the market. We believe coffee will be consumed even more around the world and in the US as the wealth effect has increased so much with this SP500 rally. Furthermore, gas prices remain low, and if more people are working in a Trump economy, we expect even more coffee to be consumed.

 

KC21517CL21517

 

Jason Rotman

President - Lido Isle Advisors
Nguồn: 123chienluoc.com

Tags Coffee


Bảng giá
Giá cà phê tham khảo
Tên
Giá trị
Thay đổi
Tên Cà phê nhân xô
Giá trị 35000-35100
Thay đổi 300-300
Tên Trừ lùi
Giá trị 0-0
Thay đổi 0-0
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