Saturday, December 28, 2013

Are the Coffee Bulls Getting the Green Light? JO JVA

Today we are going to take a look at the technical picture for the March Coffee contract NYBOT:KC.H14.E

We'll be analyzing the current coffee chart using the MarketClub Trade Triangle technology. Full disclosure, we are long coffee using the ETF JO.

With futures we use the weekly MarketClub Trade Triangles to tell us the trend and the daily MarketClub Trade Triangles for timing the entry and exits to the trade.

Coffee made a base, has made a breakout of the base to the upside and a test of the base, which means a bottom is probably in for Coffee.

When ever the weekly MarketClub Trade Triangle is green, then you can use daily green Trade Triangles as entry signals to go long in the market.

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