Commerzbank forecast that a record coffee crop in Brazil next year, as predicted by many commentators, “will probably not be achieved… given hot and dry conditions after the flowering phase” which kicked in around September. Such a dynamic, “supported by reshuffling of positions on the part of short-term-oriented market participants, could cause a price surge”.

JO's Falling Wedge chart pattern began in late 2014 and is now nearing its apex. A break out above the down sloping long term trend line could set the stage for a move to $20.

Caution: This is a highly speculative trade as Jo is still in a well defined downtrend and prices could continue to drift lower. Conservative traders should wait for a break out on high volume before entering a position.

If you enjoyed this commentary, please click "Like" and "Follow". Thx!
Your idea still very relevant, IMO. You going long any time soon?
Keep up the good work mate :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out