Here i provide you a simple analysis describing iPathA Series B Bloomberg Coffee Subindex Total Return ETN (JO) using three indicators.
As i took long position as shown in the analysis, i made a brief plan concerning my expectations for the future price of the index using RSI , MACD and BB indicator.
Between the two parallel red lines on the top, it is considered...
Let me drive one point home to the traders who look over the Djinn charts.
THE FUTURE BELONGS TO THE DJINN! Of this, have not doubt.
Regardless of who the Djinn belongs to.
The first Djinn is for sale. My account is also on the verge of being banned.
Got the news from the trading platform management today.
Who would have thought that the most powerful...
Touching the 2014 downtrend line. On the futures $KC chart this is a slight uptrend line. There is some divergence on weekly RSI and daily MACD as well. And there is talk of commodities turning around.
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...