Posted by pugsma on January 17, 2018
1:10 pm EST: On the 4-hr chart, JO could be forming a short-term double bottom at 14.77 with target of 18.55 on a break above 16.66. This in turn could be setting a large Inverse Head and Shoulders (ISH) bottom with an intermediate-term target near 24.19 on break above 18.81.
JO 4-hr chart:
JO weekly chart:
Posted in JO, Premium | Tagged: JO Technical Analysis | Comments Off on January 17th, 2018: JO (Coffee) Chart Update
Posted by pugsma on January 8, 2018
1:05 pm EST: Soft commodities like Grains (JJG) and Coffee (JO) are setting up for a potential cycle degree bottom from a bullish falling wedge pattern on the weekly charts. This could be a potentially good set-up for a multi-year bull run.
JJG Weekly Chart:
JO Weekly Chart:
Posted in JJG, JO, Premium | Tagged: JJG Technical Analysis, JO Technical Analysis | Comments Off on January 8th, 2018: JJG (Grains) and JO (Coffee) Week Chart Update
Posted by pugsma on December 21, 2017
1:40 pm EST: Soft commodities like US Grains (JJG ETF) and Coffee (JO ETF) have been in a sustained down-trend for nearly 6 years. Both ETF’s on a weekly chart show a potential bullish falling wedge pattern with a building positive divergence on the MACD. The typical bullish falling wedge 78% Fibonacci retracement upside targets are at 46.17 (JJG) and 36.51 (JO). This represents a potential 91% return in JJG and a 149% return in JO over the next 1 to 2 years.
JJG Weekly Chart:
JO Weekly Chart:
Posted in Add-On Service, JJG, JO | Tagged: JJG Technical Analysis, JO Technical Analysis | Comments Off on December 21st, 2017: JJG and JO Weekly Charts Update
Posted by pugsma on June 1, 2017
JO Weekly Chart:
Posted in Add-On Service, JO | Tagged: JO Technical Analysis | Comments Off on June 1st, 2017: JO (Coffee) Weekly Chart
Posted by pugsma on February 14, 2017
JO Weekly Chart:
Posted in Add-On Service, JO | Tagged: JO Technical Analysis | Comments Off on February 14th, 2017: JO (Coffee) Weekly Chart Update
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:
Posted in JO | Tagged: JO Technical Analysis | Comments Off on December 14th, 2016: JO (Coffee) Weekly Chart
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