I added into strength just now, putting on more JO inside 12631 with several points of cushion on my original entry.
I am playing for a secondary rally in coffee after a riveting first quarter of 2014. Put another way, if coffee is in a new bull market then we should assuredly see another leg higher from here, lest the rally earlier this year be seen as an aberration.
On the 30-minute chart of the coffee ETN, below, note the base breakout higher this morning.
Indeed, coffee seems to be acting as well as any commodity this morning, with many of them soft.
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Global supply side concerns are “real”. Do not believe that the early 2014 rally was an aberration.
Right there with you, sir.
was a coffee buyer @ 175,170,165 and 159, using 4xlev, did ride the first wave from oct 13 to apr 14, this rallye could go to 500 in 2016, imho.
maybe picked the bottom in cotton as
well, long there sice three weeks, small gain so far
Very nice, thanks.
Chess, any stop in mind for Jo I added to position this am
Mine is at my core entry now: $36.61.