$JO COFFEE - Keep A Close Eye On Coffee Mik
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Posted On: 02/08/2018 9:22:35 PM
$JO COFFEE - Keep A Close Eye On Coffee
Mike Seery
http://seeryfutures.com/content/keep-close-ey...I8.twitter
Coffee Futures---Coffee futures in the March contract is trading slightly higher for the 3rd consecutive session up 30 points at 123.60 a pound as I'm currently sitting on the sidelines, but I will be recommending a bullish position if prices break the 5 week high of 125.85 while placing the stop loss under the 2 week low standing at 119.10 as the risk would be about $2,600 per contract plus slippage & commission.
A cheaper way to play, JO coffee unleveraged ETN
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...9918247665
Mike Seery
http://seeryfutures.com/content/keep-close-ey...I8.twitter
Coffee Futures---Coffee futures in the March contract is trading slightly higher for the 3rd consecutive session up 30 points at 123.60 a pound as I'm currently sitting on the sidelines, but I will be recommending a bullish position if prices break the 5 week high of 125.85 while placing the stop loss under the 2 week low standing at 119.10 as the risk would be about $2,600 per contract plus slippage & commission.
A cheaper way to play, JO coffee unleveraged ETN
http://stockcharts.com/h-sc/ui?s=JO&p=D&a...9918247665
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