Tag: Coffee trading
Coffee Bulls Are At It Again…
Don’t look now, but the price of your morning cup of Joe is about to jump… Coffee prices are pressing the $2 a pound level this morning as Brazilian harvest reports reveal the early year drought did ample damage to the delicate trees. As you may remember, the commodity surged 82% earlier this year on […]
Commodities Add To Gains…
Now that April is drawing to a close, it’s the perfect time to recap the top commodity performers of the past month. But first, let’s discover how commodities performed overall… As you can see, the Reuters/Jefferies CRB index (blue line) gained nearly 2% in April. That’s better than the breakeven performance of the S&P 500 […]
Softs Update: A Bullish Jolt For Coffee Investors!
After suffering a brutal 2½-year downtrend, the price of coffee is suddenly reversing higher. In fact, the luscious bean is currently trading at a 2-month high near $1.15 a pound. And even more importantly, the commodity is breaking through an important technical resistance area. Take a look… As you can see, coffee is breaking above […]
