Sunday, March 24, 2013

Coffee Futures

A few months back I went long Coffee, using JO ETF, it turned up at the right time, had a nice profit going, set a stop, and got cleared out with a minor profit.

Now it looks like coffee did an overthrow on the declining wedge.

That is the perfect, demoralizing shake out move.  

It might really be on the upswing.   And of course ol Bucky been having a heck of a roll upwards, so commodity weakness priced in Bucky is expected.

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Insightful and Useful Comment!