JO daily Feb 19th T2 hit
JO (iPath Dow Jones-UBS Coffee Total Return ETN) has now hit the second price target (T2 at 31.65) for a gain of 35.2% from the original entry price (or higher for those who entered/added at lower levels on the recent backtest). As always, consider booking partial or full profits and/or raising stops, depending on your trading plan. T3 at 33.98 remains the final target for JO at this time although as is typically the case, a reaction (pullback and/or consolidation) around this target level is likely before prices continue higher.