iPath DJ AIG Coffee TR Sub-Idx (JO)

[wow_happens28]

$JO Keep A Close Eye On Coffee

Mike Seery

http://seeryfutures.com/content/keep-close-eye-coffee-0#.Wny9bQpiUI8.twitter

Coffee Futures---Coffee futures in the March contract is trading slightly higher for the 3rd consecutive session up 30 points at 123.60 a pound as I'm currently sitting on the sidelines, but I will be recommending a bullish position if prices break the 5 week high of 125.85 while placing the stop loss under the 2 week low standing at 119.10 as the risk would be about $2,600 per contract plus slippage & commission.

Cheaper way to play, JO, coffee unleveraged ETN>>>

http://stockcharts.com/h-sc/ui?s=JO&p=D&yr=1&mn=0&dy=0&id=p39918247665