Honestly the best way to trade Coffee is via the futures - the
new ETN (BJO) trades very light volume. If you guys are
looking to trade commodities you really need to trade the futures
contracts.
remember the article we posted a while back, most of those
commodity ETN's got new ETN's, BJO is the new one for coffee, not
much history on it yet, here's that list
but otherwise yes there is a wedge bottoming look to Coffee on
the daily and weekly that we've been showing for a while, I think
eventually that will play out with higher prices
Posted by lhartell on 27th of Apr 2018 at 02:13 pm
Ive been bottom fishing it for several months and can catch 2 or
3 cent moves, but its been in a range for a while. It looks
like it could break out , but I don't know the fundamentals
well. Today it has negative divergence on the 5 and 60 min
charts
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Anyone got any ideas how
Posted by zach06 on 27th of Apr 2018 at 01:54 pm
Anyone got any ideas how to play coffee... Chart looks constructive maybe a move up?/
Honestly the best way to
Posted by steve on 28th of Apr 2018 at 11:21 am
Honestly the best way to trade Coffee is via the futures - the new ETN (BJO) trades very light volume. If you guys are looking to trade commodities you really need to trade the futures contracts.
remember the article we posted
Posted by matt on 27th of Apr 2018 at 03:10 pm
remember the article we posted a while back, most of those commodity ETN's got new ETN's, BJO is the new one for coffee, not much history on it yet, here's that list
article discussing those ETN's
but otherwise yes there is a wedge bottoming look to Coffee on the daily and weekly that we've been showing for a while, I think eventually that will play out with higher prices
Ive been bottom fishing it
Posted by lhartell on 27th of Apr 2018 at 02:13 pm
Ive been bottom fishing it for several months and can catch 2 or 3 cent moves, but its been in a range for a while. It looks like it could break out , but I don't know the fundamentals well. Today it has negative divergence on the 5 and 60 min charts