Coffee ETN Dips Into Bear Market
June 03, 2014 at 09:00 AM EDT
After the March and April rains helped the drought-parched crop outlook in Brazil, coffee exchange traded notes are slipping into bear territory. The iPath Dow Jones-UBS Coffee Total Return Sub-Index ETN (NYSEArca: JO) has plunged 20.7% from an April 22 high, playing out a classic double top trend...