Jan 6

Drink coffee for 2015 ? I like it !

Coffee prices looks VERY interesting at current levels.

I’m watching the ETF which tracks coffee prices “JO” and it looks like a great buy long setup for 2015. Coffee has been weak since 2011 but since then started to show bullish bottom formation.

JO I see a pattern which gives me a target of 60-70 possible already here in 2015 or 2016. This is why I think at current levels is smart to load up here.

As long JO stays above 20 it should be safe long setup , to me it looks like JO is trying to form a bottom here at 30 area.


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