(Total Views: 89)
Posted On: 11/05/2017 8:28:16 PM
Post# of 27112
I do folow food commodities more than anything else. Coffee does look like a maybe a double bottom to me, nice story dw., I am waiting for a move up to jump on. Hecht mentions Brazil as a factor, nice long term charts in the second link.
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...4236136655
I follow this guy at Twitter>>>
https://seekingalpha.com/article/4117973-mome...fee-coming
The Moment Of Truth For Coffee Is Coming
Andrew Hecht
summary:
Lower highs since November 2016, but higher lows since 2008.
Price failure has become expected.
The potential for a La Nina in Brazil could change the pattern of trading.
Critical resistance continues to drop.
The potential for a sharp upside correction is rising.
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...4236136655
I follow this guy at Twitter>>>
https://seekingalpha.com/article/4117973-mome...fee-coming
The Moment Of Truth For Coffee Is Coming
Andrew Hecht
summary:
Lower highs since November 2016, but higher lows since 2008.
Price failure has become expected.
The potential for a La Nina in Brazil could change the pattern of trading.
Critical resistance continues to drop.
The potential for a sharp upside correction is rising.
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