Coffee and Cocoa Update, JO and NIB

Over 6 weeks ago we posted a buy-stop for coffee and sell stop on CHOC.

The sell stop on CHOC was later updated and triggered shortly thereafter for a 30% gain.

We still have two positions remaining in cocoa, both via NIB.

We'll raise the stop on one NIB position to $32.20, representing a gain of  37% from our entry.

We'll leave our other NIB position open without a stop for the time being.

Note Commitment of Traders data at bottom of the coffe chart:

 

To play the upside in coffee, we'll lower our buy-stop on JO to $14.55 



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