BARCLAYS BANK PLC

OTC

JJOFF

Deus 43 views ・

With Amazon rainforests on fire causing an outcry among international powers we can expect more stringent controls on legal/illegal farming. Coffee prices appeared to have bottomed out. Certainly a good moment to long this market. Unfortunately, I do not have access to coffee futures (or the spread is ridiculous) so I will try longing the market with JJOFF ETF.

Deus 24 views ・

WHY: strong negative divergence on M chart. Compelling PA with a bullish engulfing. On smaller TM I can see a falling wedge which confirms that the trend is up (at least on 4H chart. You can see that similar conditions already took place in Aug 2018. Since then I burnt a lot of cash trying to long coffee while the market kept falling. Then I tried to take revenge....

bobik99 13 views ・

JJOFF - falling wedge on daily chart. Watch for reverse in trend.

bobik99 27 views ・

JJOFF Bloomberg Coffee Subindex Total Return ETN ready a bounce. 2 previous times when PPS reached the bottom of the downtrend, it renounced.