COFFEE INDEX - Weekly - I think it's wave 3 =)

DJCFD:DJCIKC   Dow Jones Commodity Index Coffee
Again, this is for all you coffee lovers out there.

It managed to bounce off from the trend line that it broke a while ago and went back to re-test it. If referring to the Elliott Wave count then we are starting wave 3 now.
There is not much to talk here as it is straight forward, really.

Also, we are done with summer and now going into cooler season. The consumption of this product tends to go higher.

Good luck and keep an eye on the price action!


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