Browse Stacks: Analytics: coffee_M.png
coffee_M.png
Weekly look at the coffee ETF and it still looks good. Some beans (such as Arabica) will be coming in lower than expected which is why the recent sell-off was a little overdone. The weekly EMA(17) is above EMA(43) every look good. I've drawn in my proposed ascending channel.
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[IMG]http://i.imgur.com/ZSqosxc.jpg[/IMG]