OrcChieftain

Cocoa likes to bottom in these areas

Long
OrcChieftain Updated   
ICEUS:CC1!   Cocoa Futures
I found two previous cases when the cocoa bottomed here on 2100. Seasonality would support growth in these times. Both 5y and 15y stacked averages do stay that growing is possible. Cocoa has dropped beyond what is usual and I am betting on this support I found. SL on 2078, TP unspecified. Good luck.
Comment:
Nearing the target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.