To join the Premium Service follow this link: PUG Premium Service Sign-up. You must agree to the Terms of Service (TOS) and make a payment via a credit card Buy Now link or check in the mail. I will then send you the password to view the premium content. If you have questions send an e-mail to: pug.sma.llc@gmail.com.
The content on this blog (PUG Stock Market Analysis, LLC) is provided as information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author (PUG) and are for entertainment purposes only. PUG is not a licensed investment adviser (advisor) or commodity trading adviser nor is licensed as such with any federal or state regulatory agency. PUG does not manage client assets in any way. Any investment decision that results in losses or gains made based on any information on this site is not the responsibility of PUG. PUG may make statements about certain investment vehicles and strategies, but it is not to be taken as investment advice. PUG Stock Market Analysis, LLC is an educational service, not an advisory or stock recommendation service. At times, PUG will analyze the technical structure (chart) of various stocks or financial markets, but he is in no way compensated by the companies he analyzes either in reports or daily commentaries. All examples are provided for educational purposes.
Content Usage Terms
PUG Stock Market Analysis, LLC blog site content may NOT be reproduced or excerpted online or in print without written permission of the author (PUG).
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.
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.
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.
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
You must be logged in to post a comment.