COCOA Short Target

ICEUSA:CC1!   None
I believe that Cocoa has around a 1920 short target as a price index. The Cocoa market is an exchange grade premium product with chocolate supplies running out. The demand of it as a commodity is starting to slowly be positive again. However, the HODL would be short in my opinion. This as an index, is a really risky pair in terms of overall correlations. The likelihood statistically for the past 5 years, and even the past year was negative or an overall loss on investment. The potential of a breakout or the 1920 short target is because of trading averages and the slightly positive correlations the past few weeks.


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