Coffee Review

By Eric De Groot of Eric De Groot's Insights

Trader/investor • Sep 6, 2019 at 8:54 AM EDT

There's not enough evidence to suggest a change in the coffee trend is coming yet.

A long play in coffee requires the primary trend to align UP, DI to spike above 60% (probably 80%+), massive professional buying (ProIndex), or some bullish combination of the three. Coffee's primary trend and DI are aligned down and 22%, so that's not helping. WA (10%) is low enough to define falling participation and interest, but it's not enough to suggest a bottom.

The ProIndex also suggests professionals are selling, not buying; A lower low in the ProIndex warns of continuation. The Matrix Line 7 displays these trends and more.

Bottom line, patience is required, because there's not enough evidence to suggest a change of trend is coming yet.

Coffee DI

Disclaimer:

Content provided by Eric De Groot is intended as general information and not specific recommendations. Individuals are responsible for their own investment decisions. Past performance does not guarantee future performance. Opinions are based on historical research and data believed reliable, but there is no guarantee results will be accurate or profitable. Not responsible for errors or omissions. I may invest in the vehicles mentioned in my articles. Readers are encouraged to conduct their own research and due diligence and/or obtain professional advice before making any investment decision.

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