Long or short bakeout. What do you suppose. Fundamentals are mixed. Ivory coast stopped selling cocoa at the same time new crop is developing well. For me it is time funds to take profit and bring the price down for a correction.
It's hard to say? It almost looks like one of those fakeouts, where it seems to hit the top, and then bounces up sharply. My guess is it goes up to 4450 and then drops down sharply. Or just drops this coming week (it's December 26th) Either way I think put half your money shorting it and your not gonna lose.
My guess is it goes up to 4450 and then drops down sharply. Or just drops this coming week (it's December 26th)
Either way I think put half your money shorting it and your not gonna lose.