JO Coffee ETF Daily Chart

Coffee brews up some nice gains. This was the JO trade. Keystone caught the exact bottom as was described at the time with the positive divergence (green lines and green arrow). The possie d rocket  launch occurs with price running from 17 to 21, +24%, in 14 days. So JO is increasing at over +1% per day for three weeks.

Keystone exited the long JO trade and took profits. The JO weekly chart is long and strong and the daily chart above is as well except the stochastics and RSI that would not mind seeing a subtle quick pull back. So there is lots more upside ahead although the near-term may become dicey. Keystone will likely buy it back on any retreat. Commodities are psycho trades. JO could very well catapult to 30 or higher this week so Keystone may miss further upside if the long trade is not put back on. At any rate it would be a nice ticker to hold this year and should continue higher for the weeks and months ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.