We've asked our friend Jim Robinson of profittrading.com to provide his expert analysis of charts to our readers. Each week he'll be be analyzing a different chart using the Trade Triangles and his experience.
Today he is going to take a look at the technical picture of the Coffee. (KC.N13.E).
I hope you are having a GREAT week !!!
Coffee could be turning bullish, so this week let's take a look at the Coffee Chart.
With Futures we use the weekly MarketClub Trade Triangle for trend, and the daily MarketClub Trade Triangle for timing.
Coffee put in a weekly green Trade Triangle on what looks to be the breakout to the upside of the base. [Read more...]