Interesting that it did 22 days down and 22 up. Well spotted. Also share your positive view, although perhaps 3100 is too ambitious, there's a problematic resistance above, plus a descending trendline which has held up for years... will cocoa melt up and end years of decaying prices?
fredpui
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@SenorBurgales, cocoa along with sugar and other soft commodities like wheat and corn should head up into early part of 2021. Inflation is coming.
SenorBurgales
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@fredpui, I do agree in principle, I'm long soft commodities. Best of luck with your trades.