Coffee ETF JO is showing off constructive price structure

The Coffee ETF JO is showing constructive price structure.

This 1 year daily chart shows excellent basing characteristics.

The Coffee ETF JO showing off a nice basing pattern.

This commodity has had its challenges, trading down to 50% of its 2014 high.  If you are confused about the current U.S. market and are looking for an uncorrelated asset, coffee may be one to keep an eye on.

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