Following recent overbought, divergent high, rally into resistance, /KC pulled back as expected & has now reversed off the 0.9837 S level with JO pulling back to the T1 former resistance, now support level where a resumption of the uptrend is likely. This pullback also offers an objective re-entry or add-on for those that booked profits when the 1.0521 resistance level & T2 on JO was hit the other day (first chart below followed by the updated 60-minute chart):

Here’s an updated chart of JO (coffee ETN), which is the official proxy for the Active Swing Trade + Long-term Trade on coffee, followed by the long-term (20-year) weekly chart of $COFFEE coffee futures:

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