December 14th, 2016: JO (Coffee) Weekly Chart
Posted by pugsma on December 14, 2016
11:30 am EST: The JO weekly price chart is showing a potential Inverse Head and Shoulders (IHS) bottom with head at 17.00, neckline at 26.21, and a target of 26.21 + (26.21-17.00) = 35.42. Also there is 50-week SMA and weekly pivot support at 20.37. Finally the 20.48 level is a 62% Fibonacci retracement from the recent high of 26.21.
JO Weekly:
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