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Can anyone explain what's going on with Coffee?
Posted on 4/21/17 at 9:45 am
Posted on 4/21/17 at 9:45 am
I like to follow this Barclays ETN called JO, which tracks the commodity futures.
For the past year some long swing trades could have been made on this one. From $18 to 23, from $20 to $25, then back down to $18 and up to $22 again.
So we're looking at a range of about 20% in just a few months. Well, after peaking at $22.23 in January it sits below $18 now...but I'm just wondering why the sudden decrease?? I'ts dropped 10% in two days! ...and I've read that coffee is scarce this year
I love to drink the stuff, but the global market isn't my forte. Help anyone?
![](https://i.imgur.com/3KMQvZv.png)
For the past year some long swing trades could have been made on this one. From $18 to 23, from $20 to $25, then back down to $18 and up to $22 again.
So we're looking at a range of about 20% in just a few months. Well, after peaking at $22.23 in January it sits below $18 now...but I'm just wondering why the sudden decrease?? I'ts dropped 10% in two days! ...and I've read that coffee is scarce this year
![](https://images.tigerdroppings.com/Images/Icons/Iconconfused.gif)
I love to drink the stuff, but the global market isn't my forte. Help anyone?
![](https://i.imgur.com/NSfss4P.png)
![](https://i.imgur.com/8KCF0IR.png)
![](https://i.imgur.com/3KMQvZv.png)
Posted on 4/21/17 at 9:56 am to bayoubengals88
Low supply shouldn't be fueling the downward slide ? Looks like an opportunity to me.
This post was edited on 4/21/17 at 9:58 am
Posted on 4/21/17 at 10:17 am to bayoubengals88
This probably wont help answer your questions, but it's an interesting article to me.
Coffee
And I agree that this looks like a great buying opportunity.
Coffee
And I agree that this looks like a great buying opportunity.
Posted on 4/21/17 at 11:20 am to bayoubengals88
When does it roll the single front month futre's contract it owns?
That's one possible explanation. Also, wouldn't the cruve have steepened and wouldn't there be contango?
It's a note, I'd trade its options around its underlying trading months - HKNUZ
That's one possible explanation. Also, wouldn't the cruve have steepened and wouldn't there be contango?
It's a note, I'd trade its options around its underlying trading months - HKNUZ
Posted on 6/2/17 at 12:54 pm to bayoubengals88
Hot damn. $16.97 now...
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