Coffee Provides Another Entry Point

Coffee is one of the best performing markets this year.  After a huge breakout it’s pulled back for multiple months now and sits right above the 30 week EMA.  This is classic Weinstein Stage 2 action where a pullback to the 30 week EMA provides the second entry point after the breakout.  Look for another increase in volume to kick off another leg higher.Visit to see more great charts.

Leave a Reply

Your email address will not be published. Required fields are marked *