The ETF for Coffee is $JO. It has had a massive move the last several months and is not looking like it could potentially break down farther. The reason I believe Coffee prices will go back down is because of the same reasons it went up. There has been SEVERE droughts in Brazil and therefore this helped spike the prices of coffee. We are now entering a time when this is changing and BRAZIL is expecting a tremendous amount of rain and this could definitely help their coffee production and in trun bring this $JO back to the $30 or lower. If you $JO breaks the line on the chart to the downside I see this happening. Short $JO or Be long $Jo Puts whatever risk appetite you enjoy. Good luck out there!
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February 2015
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