I added to my long JO position inside 12631, as the weekly chart for the coffee ETN still shows a potential bullish falling channel.
Here is a good article on the rust fungus affecting the coffee crop. (H/T @StuOnGold)
What are you trading this morning?
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Still thinking short $sbux? That worked for a couple bucks (crappy pun unintended) but leveled at 75-ish.
Want to see it back below $75 and preferably $74 to have a chance.
covered 1/2 Z short from ~125 @ 113..jumped into ETR..stalking CERN INTU
nice work on that Z short, I was long, and likely wrong
much appreciated sir
https://www.youtube.com/watch?v=vkFQ5PZ1oqI
that coffee rust is a major bummer, hopefully they don’t all start using some harsh detergents against it, potentially exacerbating the situation through misuse