Coffee, Global Agriculture Inflation Boom
Notice the major multi-year higher low formed in 2019, followed by the rounding basing pattern and subsequent breakout outside of the multi-year triangle.
The higher low in 2019, before the Covid deflation crash, tells me the agriculture complex was already bottoming ahead of Covid and now has a full head of steam.
Corn, Soybeans, Sugar, Fertilizer have all been ripping to the upside like mad.
Way to play coffee is through the ETF NIB
Not investment advice. DYODD
The higher low in 2019, before the Covid deflation crash, tells me the agriculture complex was already bottoming ahead of Covid and now has a full head of steam.
Corn, Soybeans, Sugar, Fertilizer have all been ripping to the upside like mad.
Way to play coffee is through the ETF NIB
Not investment advice. DYODD
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Correction: the ETF for Coffee is JO