Ioanni5

Entering Long Cocoa

Long
ICEUS:CC1!   COCOA FUTURES
As demand side economics attempts to take over the over the world - commodities should stand to benefit.
#Cocoa is breaking above its declining resistance line and we are entering longs at current levels targeting the previous period high at 2800.
Work stops at 2440 initially.
#cc1

Comments

100% agree going long on cocoa. I drew my down trend line from Feb, 2020 capturing Nov, 2020. I am long term bullish on agricultural commodities in general. Less hands from Feds unlike stocks and bonds market.
+1 Reply
let's see if we get paid. commodities should do well in 2021
Reply
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