Sunday, August 26, 2018

Commodities: Once Again FT Alphaville Nailed A Turning Point

On August 23rd we posted:

FT Alphaville is running a caption competition for one of the illustrations in a newly issued U.S. patent:

Caption competition
IBM, the giant of 80s mainframe computing, has being trying to diversify. Take Watson, for instance, its AI platform which promises to “let you learn more with less data”, which has been deployed across a range of businesses, with varying degrees of success.
Well the whizz kids at IBM have come up with another idea to revive its ailing fortunes: drone-based caffeine delivery. Here's the patent in question, filed with the US Patent Office on August 7....MORE
Here's the 30 minute ICE action via TradingCharts

https://screenshotscdn.firefoxusercontent.com/images/0eae665b-81af-4503-9618-2b9091c89ec5.png
ICE coffee, refreshing.

And to give a bit of perspective on what a big deal a 4% upmove is, here's a year of prices from FinViz:



One teensy caveat should you be thinking of jumping in on the long side:
Coffee exporters struggle to find ships for Brazil bumper crop