Beautiful Bearish configuration - COCOA Short

Cocoa FuturesICEUS

Description

⋅ Jul 28, 2022 3:49 PM

Bearish configuration is expected on COCOA market.
Demand on commodities is being reduced by the FED (raise in interest rate).

N.B : Markets does not respond immediately to the raise of interest rate - SO BE CAREFFUL .

Comments

OrcChieftain

⋅ Aug 1, 2022 8:49 PM

I have pretty much the opposite view. But good luck to you, will need it.

Interest rates is a factor I haven't considered, but isn't food demand non-flexible? I don't people will be getting less chocolate just yet. Maybe if they get fired as some companies go bust, but we are long way from there.