WisdomTree Coffee is designed to enable investors to gain an exposure to a total return investment in coffee by tracking the Bloomberg Coffee Subindex (the "Index") and providing a collateral yield.
WisdomTree Coffee is an exchange traded commodity ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on...
Commodity price moves often end in a sharp spike which has not been witnessed yet with the current move in coffee. If price does spike higher a reasonable upside target is previous resistance at 1.8 (+27% move). However, there is some bearish divergence where the price is making higher highs but the relative strength index is making lower highs. This reflects a...
Interesting pattern forming in Coffee. After a long "Rounded Bottom" a Handle has emerged that looks to be consolidating. Will be interesting to watch in the coming days to see if this pattern can be sustained - macro support from weakening USD and supply side constraints will support continued momentum.
Wait for confirmation of resistance from the upper trend line before the price heads down again.
This is supported by the high RSI level.
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