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Coffee Futures KCH2014 oversold in a new uptrend
It looks to me like Coffee has had a pretty rough year as it has dropped in half.
Of course, coffee is probably the 2nd most important commodity in the world, with the first being 'air'.
Either way, you can see the long term downtrend that was violated and the short term uptrend that is currently somewhat oversold at the lower end of the regression channel.
There are some ETF's that allow you to own coffee futures, sugar, corn, soybean, and other futures.
This looks like a low-risk trade from here.
Tim 2:39PM EST Wed 1/22/2014
Of course, coffee is probably the 2nd most important commodity in the world, with the first being 'air'.
Either way, you can see the long term downtrend that was violated and the short term uptrend that is currently somewhat oversold at the lower end of the regression channel.
There are some ETF's that allow you to own coffee futures, sugar, corn, soybean, and other futures.
This looks like a low-risk trade from here.
Tim 2:39PM EST Wed 1/22/2014
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