Short
Fade the Squeeze JO
Coffee ETF here. I seldom look at coffee, but it came to my attention on an interesting day.
Up over 5.5% on the day. I understand it's very "shorted". I expect a retracement back down to at least test the prior highs around $31.50 and daily downtrend line.
This is based on my dowsing and intuitive methods. It will be interesting to see if the trendline holds and JO begins a potential new bullish trend. We will watch.
Up over 5.5% on the day. I understand it's very "shorted". I expect a retracement back down to at least test the prior highs around $31.50 and daily downtrend line.
This is based on my dowsing and intuitive methods. It will be interesting to see if the trendline holds and JO begins a potential new bullish trend. We will watch.
Note
That's not what I was expecting. Perhaps timing is off, but I'll keep and eye out for a test of the trend line and see if it holds for a potential new bull market in coffee.Note
It's off and not looking back!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.