Thyunij
154 posts
Most farmers and Robusta buyers in Vietnam no longer want to hold inventory due to concerns about risks such as war... They sell as soon as they have supply, which puts downward pressure on prices. However, prices haven’t fallen sharply, as coffee output is not as high as rumored
#RC1! Robusta coffee is printing a small bearish engulfing candle at descending resistance within a falling wedge, which itself sits inside a broader falling wedge, reinforcing that we remain in a clear downtrend. That rejection at resistance shows sellers are still defending trendlines and stepping in on strength. While we are seeing bullish divergence developing across MACD, RSI, and Rate of Change, signaling that downside momentum is fading, price has yet to confirm with a breakout. The psychology here is classic: indicators are hinting at potential exhaustion, but price action is not validating it yet. Until we break that descending trendline, patience is key, and any rallies should still be treated as bear market rallies. Even on a breakout, we need to be mindful of overhead supply from a declining 50 EMA, which could cap upside. Confirmation remains everything, and for more conservative traders wait for a break of the broader falling wedge. Access daily technical analysis videos on various commodities, join our chat room, explore trading strategies, and view some of my personal trades. Join us at goldeneyeanalysis.com. $JO $SBUX $BROS $DNUT $NSRGY $MDLZ $UL $KDP $GIS $CAG $CPB $KO
Is coffee the new cocoa? In time, I believe it will be. Look for resistance near 330.00; seasonality is bearish, and last year's market was likely stick-saved by tariffs. #coffee #futures #cmarket $kc_f #commodities #roasters
What if i tell you we Vietnamese usually eat 2$ pho? Also for a Vietnamese person, pho it not that great, not because taste or something like that. It because there are food ranking higher like bún, miến, thịt chó
JUST IN: 🇻🇳🇮🇷 Vietnam urges people to work from home due to fuel shortages following Iran's closure of the Strait of Hormuz.
You think cutting off 20% of the global oil supply through the Strait of Hormuz is a big deal. Wait until people realize 30% of the global fertilizer supply comes through there too, with possible global food shortages this fall.