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JO (Coffee ETF) Long Entry

Following the recent bullish falling wedge breakout, JO offers an objective long entry here on this pullback to gap support. The current price targets (T1-T3) shown on this daily chart may be revised based on the charts of spot coffee prices & coffee futures. Suggest stop for those only targeting T1 on a move below 21.10 while those targeting T2 or T3 might consider stops below 20.53 & 20.00, respectively.

JO daily Aug 20th

JO daily Aug 20th

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Aug 20, 2015 10:58am|Categories: Completed Trades - Long, Gold & Commodities|Tags: , |Comments Off on JO (Coffee ETF) Long Entry