Setup Condition for Coffee (November W2)
November/09/2008 20:33 Filed in: Commodity Monthly Analysis
Coffee has good fundamental setup conditions and is ready for entry. See chart below.
Conditions Summary:
-AboySetup1 Commercial Buying Estimator: high >80%
-AboySetup2 Commercials Index: high > 80%
-AboySetup3 Sentiment Index: moderate/low < 50%
-AboySetup4 Large Traders Index: low <20%
-AboySetup5 Small Traders Index: moderate < 35%
-AboySetup6 Fundamental Valuation Index : normal < 55%
-AboySetup7 Seasonal: around the lowest points
-Stochastic: oversold <20%
-ADX: maximum reached
Analysis/Action:
Entry: Long Stop 117.10; Stop 112.65
Conditions Summary:
-AboySetup1 Commercial Buying Estimator: high >80%
-AboySetup2 Commercials Index: high > 80%
-AboySetup3 Sentiment Index: moderate/low < 50%
-AboySetup4 Large Traders Index: low <20%
-AboySetup5 Small Traders Index: moderate < 35%
-AboySetup6 Fundamental Valuation Index : normal < 55%
-AboySetup7 Seasonal: around the lowest points
-Stochastic: oversold <20%
-ADX: maximum reached
Analysis/Action:
Entry: Long Stop 117.10; Stop 112.65