Coffee JO nice VCP Triangle breakouts
Some nice VCP / Saucer Handle patterns on JO as it continues to climb higher.
Watch for a break higher if it can chew through 67 zone resistance
Break lower out of triangle / trendline support invalidates long idea.
On a macro level we're seeing bullish setups in AG complex (coffee , rice, wheat, corn, soybeans, etc.) , coupled with inflation coffee should run.
Personally I've noticed my local coffee shops also charging $1 per cold brew which supports the bull case.
Watch for a break higher if it can chew through 67 zone resistance
Break lower out of triangle / trendline support invalidates long idea.
On a macro level we're seeing bullish setups in AG complex (coffee , rice, wheat, corn, soybeans, etc.) , coupled with inflation coffee should run.
Personally I've noticed my local coffee shops also charging $1 per cold brew which supports the bull case.
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