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.