Parets in his bullish coffee argument also cited former price resistance turning into support, bullish divergence in momentum, seasonal factors and a so-called Elliott Wave pattern. [Coffee ETF Bounce Scalds Bears]
JO, the coffee ETN, recently broke above its 50-day moving average and trading volume has been picking up recently. Since the product tracks coffee futures, it can lag the spot price when the market is in “contango.” [The Effect of Contango on Commodity ETFs]
iPath Coffee ETN
