5 Charts For Global Investors: Key Market Trends

4.  Coffee – Bottom is in, now what? 

Bullish divergence (lower low on price vs higher low on RSI) concluded with a bottom in the coffee ETF.  Aside from a breakaway gap price has broken up through the 200 day moving average.

But coffee now faces two key tests; can it break up through the 50 day moving average? and can it break through resistance of 21.5?  Overall technical view: Bullish bias but the key trigger is a solid break of the 50dma AND support of 21.5

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