ICEUS:CC1!   COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Cocoa ( CC1! ) is on a very aggressive long term Channel Down on 1W ( RSI = 37.498, MACD = -53.170, Highs/Lows = -176.9286, B/BP = -379.8580) and is currently also trending lower on the latest 1D bearish leg, equally as aggressive ( STOCH = 21.862, Williams = -90.823). This is the third leg downwards on this Channel Down and based on the previous two it should reach a Lower Low around 1735. Our TP is higher at 1800.
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