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ElReyChristophe
Feb 25, 2021 11:39 PM

Cocoa at a Crossroad 

Cocoa FuturesICEUS

Description

2600 big resistance for Cocoa
Fundamentally I can't find a catalyst to get a rally going that being said with inflation on the rise Money Flow in Commodity is very likely [ One reason why Money Flow in Cocoa might be lagging other Ag commodities is the fact that we have been building Cocoa stocks year/year and La Nina tend to bring bigger Cocoa crops]
To be followed as harvest is just strarting.
Comments
Investroy
Nice and simple!
ElReyChristophe
Cocoa breaking to new nearby high, most likely now on the way to resistance on May contract
ElReyChristophe
Merci l’ami
-Mute the noise and embrace price action is what works for me-
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