Lotta things started falling into place lately, including gold. I am flat on cocoa and I hold a small position. I am not sure it’s gonna run, it kinda should but it feels that there are some commodities like cocoa or orange juice that are not participating as much. I am not sure why.

Thanks. I will replicate this chart in my trading platform and gonna track it alongside $JO

Hard to i.d. targets on JO since iPath switched from the older versions of their commodity tracking ETNs to the newer version. The old JO became JJOFF & the new, current JO doesn’t have enough trading history to i.d. overhead resistance levels for price targets. However, the old versions still trades & continue to track coffee futures (just with less volume, so best to stick with JO) & so we can use that chart as a rough guide for longer-term swing targets, which I’ve listed on the weekly chart of JJOFF below (arrow breaks).

I’ll check those out. Nice work. I have been holding JO for several months, probably should have traded the ups and downs but just held waiting for the big commodity inflation Randy has been predicting for some time. Feels good to finally have it pay off. Also I just cycled back into Weat and loaded up on NIB. I think Cocoa might be the next runner, the only thing that scares me about cocoa is that it seemed to really dump with the market last March even though Coffee did not. So a big pull back in the broad market might prove me wrong.

Coffee has about 40% of weighting in my commodity allocation. I took 10% profits on the first leg up, then recycled back in on the way down, got a little underwater, then it reversed for another 13.2% of profit. Really nice rips. Thanks for sharing the article. Other tickers I have been swinging are JVA and FARM. Both had some nice rallies and directly connected to coffee.

Yesterday when JO was really popping, I thought of how you have been asking about it over the last couple months. Hope you were in. Here is an article I saw today from thestreet, they are talking about numbers like $53.

https://realmoney.thestreet.com/investing/stocks/time-to-consider-a-bigger-purchase-of-coffee-15646137?puc=yahoo&cm_ven=YAHOO