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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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