The chart in the main window shows December Coffee Futures ($KCZ12) finding support above the June low and surging above the late August high. The indicator window shows the Coffee ETN (JO) with a similar pattern. These breakouts are bullish as long they hold. A move back below the breakout levels would call for a reassessment.
Click this image for a live chart
Click this image for a live chart
About the author:
Arthur Hill, CMT, is the Chief Technical Strategist at TrendInvestorPro.com. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed market technician. Arthur has written articles for numerous financial publications including Barrons and Stocks & Commodities Magazine. In addition to his Chartered Market Technician (CMT) designation, he holds an MBA from the Cass Business School at City University in London.
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