Jack.Canadia's Trades - Coffee/Corn + Others

Looking to get something started for Coffee-C and Corn futures. I love to trade these as they seem to adhere well to technical analysis ... plus there are both as very significant levels.

I will primarily post about Coffee-C and Corn futures, however if something else sparks my interest I will share it. I am an old fan of GBP/USD as well.

I like simply analysis - a plain chart, MACD (12,26,9), fibonacci, and supply/demand levels with price action.


You are welcome to post your comments, however please do not turn this into your own journal =)

Thanks and enjoy!

- Nick

Coffee-C Futures Analysis

See the following charts.


Looking for shorts. Smaller timeframes to follow.

Attached Image (click to enlarge)

Attached Image (click to enlarge)

Coffee-C Futures Analysis - SUMMARY

Strong bullish rally in Coffee-C beginning late 2013. PA has show some respect to the 38.2% and 50% fib levels on the way up. PA has entered into a previous level of congestion seen on the monthly timeframe (as outlined by the white box on previous charts), and this level should serve as supply (i.e. resistance). The 61.8% fib levels is also in play. There is bearish divergence on the weekly MACD. Again, my sentiment for Coffee-C is bearish and looking for shorts.


Key Levels

1.) 225.30 = lower limit of monthly resistance zone
2.) 229.3 = 61.8% fib retracement of 308.80 to 100.90 move; upper limit of monthly resistance zone


Price Action

PA is currently in a range (best seen on the daily chart below within red rectangles) of approximately 214-225.50. The 200day-SMA is seen in pink.



On the hourly chart, the 24hour-SMA is seen in blue. I use this to visualize the immediate direction the trend on the 1 hour time frame. I have included text on the 1 hour chart below to outline my thoughts/plans. It will be tough to short this so some sort of confirmation is needed. I am bearish nonetheless, so wait on good entries and use stops.

COFFEE-C Update

See chart.