Lean Hogs have been in a 2 month consolidation after reaching multi year highs.
The DI's have crossed upwards, and the RSI has broken the trend line, the price is above both moving averages so everything is looking like a breakout to the upside.
Most traders would still wait for the price breakout of the triangle.
After a brief correction from recent highs the December contract for Coffee broke through short term resistance of 190.00 on Friday on good volume.
As shown by the moving averages and the upward sloping trend line coffee is in bull mode. The DI's and the RSI are confirming the move.
Will we get back up to the recent highs?
Billionaire Jeremy Grantham is our very special guest on today's episode. He is the co-founder and long-term investment strategist at GMO, one of the world's most well-respected asset management firms. Jeremy is an investing legend and studied market historian, who successfully identified and sidestepped the major corrections such as the Japanese market in 1989, the tech bubble of 2000, and the global financial crisis of 2008, and even called the bottom in 2009.
