| For commodity bulls, the past several weeks have proven to be quite difficult. Market volatility has taken its toll on the underlying spot prices. One of the very few bright spots can be found on the chart of coffee, as measured by the iPath Bloomberg Coffee Subindex Total Return ETN (JO).
The fund is currently trading very near its 200-day moving average, which has historically acted as a strong level of support. Active traders will be paying close attention to the price of coffee over the coming weeks to see if the long-term uptrend is able to continue...............................................Full Article: Source
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