Coffee futures executed a breakout from a broad Rectangle chart pattern

Coffee futures executed a breakout from a broad Rectangle chart pattern

Daily Commodities Update: Technical

Coffee futures executed a breakout from a broad Rectangle chart pattern

Wed, Nov 16 2011, 07:19 GMT
by Autochartist Team - Autochartist | View company's profile

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Coffee futures executed a breakout from a broad Rectangle chart pattern identified by Autochartist this week. Follow-through has so far been muted, allowing time to position at the current levels in anticipation of a continuation towards the target.

The pattern scores 8 bars in the Clarity and Initial Trend categories, with an overall Quality ranking of 6 bars. Key Level supports have not yet established but are likely to do so as the top of the rectangle becomes horizontal support. The breakout above $2.42 per pound occurred on a modest momentum reading of 4 bars, emphasized by the short term pullback now underway.

Strength coming into the market at the current price will be required to confirm the breakout. A move higher towards $2.43 per pound or better during Wednesday’s session would lend weight to the forecast and could encourage momentum buying. The projected price target generated by Autochartist calls for a minimum swing high near $2.45 per pound, with an upper end as high as $250.60 also possible. This would put the market back on bullish footing and suggest the recent decline to below $2.30 per pound was a temporary retracement in the long term bull market.

Is Coffee ready to Perk Up?

Inside Futures: Relevant trading-focused information authored by key players in the futures, options and forex industries

Is Coffee ready to Perk Up? Tuesday, November 08, 2011 by Gary Kamen of TrendsinFutures.com

Don't Forget Your Morning Cup of Joe
With all of the insanity out there today regarding the European debt crisis, MF Global and the great rip-off, US election wackiness, and of course the "occupy protestors", it is very easy to lose sight of opportunities that could be making you money. Of course the one thing most of you do is down at least one cup of morning coffee.
Last week Dec Coffee opened at 233.00 hit a weekly low of 223.65 and closed the week at 230.20. You can see on the daily chart below that 220 is the current price floor in this market. You can also see the last strong trend (down) ended a few weeks back and now ADX is at 19 showing no strength of trend. Weak trending markets confirm a range bound market, and you can see the bottom of the current range at 220. The top of the range looks to be 240 on up to 250. MACD is just over the signal line showing no momentum right now, and Stochastics is correcting from oversold territory, which is to be expected in a weak trending market.

Coffee cuts risk of prostate cancer

Last Updated: Tuesday, October 04, 2011,09:38

Tags: Coffee,  Prostate cancer,  Cancer treatment

New Delhi: Men who are heavy coffee drinkers are at lower risk for prostate cancer, says a study.

The researchers found that those who consumed six or more cups a day were almost 20 percent less likely to develop prostate cancer over two decades than those who drank none.

Scientists at Harvard University followed 47,911 men who periodically described their coffee consumption.

"More important, the heavy coffee drinkers were 60 percent less likely than the non-drinkers to develop a lethal form of the disease," it said.

"Even men who drank just one to three cups of coffee benefited: They were nearly 30 per cent less likely to develop lethal prostate cancer," the study said.

It did not matter whether the coffee was caffeinated or decaffeinated.

The study, published online in The Journal of the National Cancer Institute , is one of the first to link coffee consumption to a lower risk of prostate cancer.

"We`re not yet telling men to drink more coffee," the daily quoted the lead author of the study Kathryn M. Wilson, research fellow at the Harvard School of Public Health, as saying. "But there`s mounting evidence that if they do, they don`t have to worry about it," she said.

Coffee is a major dietary source of antioxidants, and other studies have suggested that drinking it is associated with health benefits, including a lower risk of Type 2 diabetes.

ANI

Coffee in moderation may cut stroke risk | Bupa UK

Coffee in moderation may cut stroke risk | Bupa UK

Coffee in moderation may cut stroke risk

19 September 2011

Drinking three to four cups of coffee a day may reduce your risk of stroke, according to new research.
A large, international study of nearly half a million people found that drinking two cups of coffee reduced the relative risk of stroke by 14 percent and drinking three to four cups of coffee reduced the relative risk by 17 percent. The relative risk is the difference in risk between two groups in a study. This is different to a person’s lifetime risk of having a stroke (absolute risk). However, the results did not continue to show an associated lowered relative risk of stroke when people drank more than six cups of coffee a day.
The results showed a difference between men and women. For men, drinking three to four cups of coffee a day provided the most benefit against stroke, whereas for women, drinking just two cups of coffee provided them with optimum benefit. Any more than this and the risk of stroke started to increase, particularly for women.

Cupping, Stay tuned (Taken with instagram)

Cupping, Stay tuned (Taken with instagram)