PaperBozz

$CCK2024 cocoa showing signs of exhaustion

Short
ICEUS_DLY:CCK2024   Cocoa Futures
CCK2024 Uhhh... Cocoa. The most it can rise to is $12,933.

I didn't read the article.

It is showing all signs of exhaustion. Volume is decreasing while the price is going parabolic. The oscillators are showing bearish divergence.

It is close to a pull back, if not out right crash to 8000 area.

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.