$CC_F COCOA is basing

Cocoa FuturesICEUS

Description

⋅ May 16, 2020 1:38 AM

ICEUS:CC1!
AMEX:NIB

Cocoa is now trying to break 200MA and three moving averages(13MA, 50MA, 200MA) will soon turn upward.
As always Cocoa tends to be choppy below resistance. But once it broke out, Cocoa tends to move a good +20%.

Trend Analysis