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Thursday, September 13, 2012

Cup of Joe

This chart shows December Coffee Futures ($KCZ12) finding support above the June low and surging above the late August high. The indicator window shows the Coffee ETN (JO) with a similar pattern. These breakouts are bullish as long they hold. A move back below the breakout levels would call for a reassessment. 

120912jo
Click this image for a live chart 

http://blogs.stockcharts.com/dont_ignore_this_chart/2012/09/coffee-surges-off-support-with-big-move.html

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