Opportunities in Commodity Currencies: Brazilian Real, Sugar, Coffee

Not long ago a major investment bank coined the phrase emerging “BRIC” countries (Brazil, Russia, India and China).  Well let's fast forward to the present and we have the BRICs crumbling and their currencies collapsing!!  
In this piece we will focus on Brazilian Real and its effect on COFFEE and SUGAR prices.  Let’s turn to the charts to plot our next move:  

Brazilian Real Futures - Weekly 

Sugar Futures - Weekly

Coffee Futures - Weekly

 

All charts provided by QST

BOTTOM LINE ANALYSIS:

Once the Brazilian Real bottoms we expect a rapid price increase in both Coffee and Sugar!! When the Brazilian Real bottoms be ready to establish longs in Coffee and Sugar with accompanying protective sell stops , since the bounce could happen rapidly.