Wednesday, April 2, 2014

Chartology: The Fall And Rise (and fall and rise) of Coffee

That's what commodity prices do, they fluctuate.
And sometimes they get substituted to zero, see whale oil.
From Kimble Charting Solutions:

Hottest asset on the planet, about to fall very hard?
http://blog.kimblechartingsolutions.com/wp-content/uploads/2014/04/coffeehitsfibresistancecoolingoffapr2.jpg
Have you enjoyed a cup off Coffee today? Speaking of joy and coffee, the first few months of 2014 were a real joy if you were long Coffee, as it rocketed 100% higher in just two months. The near vertical rally hit the 50% Fibonacci level and 80% of investors became bullish on coffee. The Power of the Patterns suggested for Premium members to establish short positions in Coffee due to this situation....MORE