Coffee ETF here. I seldom look at coffee, but it came to my attention on an interesting day.
Up over 5.5% on the day. I understand it's very "shorted". I expect a retracement back down to at least test the prior highs around $31.50 and daily downtrend line.
This is based on my dowsing and intuitive methods. It will be interesting to see if the trendline holds and JO begins a potential new bullish trend. We will watch.
Up over 5.5% on the day. I understand it's very "shorted". I expect a retracement back down to at least test the prior highs around $31.50 and daily downtrend line.
This is based on my dowsing and intuitive methods. It will be interesting to see if the trendline holds and JO begins a potential new bullish trend. We will watch.
Comment:
That's not what I was expecting. Perhaps timing is off, but I'll keep and eye out for a test of the trend line and see if it holds for a potential new bull market in coffee.
Comment:
It's off and not looking back!