[CC] Cocoa PullBack Incoming ?After a very large and strong bull momentum, it's time for me to start a short position to look for a pullback of at least 50% Fibonacci level.
Great Trade !
Contract highlights
Coffee YearlyIn case you are wondering...
#Coffee STILL on deck for a MONSTER move on its yearly chart!
#starbucks #timhortons #inflation #commodities
COCOA : A CORRECTION IS DUE- The market has been trading above a bullish trendline since mid-March ; The mid-term trend was then bullish
- More recently, the increased appetite for the US Dollar has started to put pressure on a wide range of commodities, including Cocoa.
Since the impact on 11,212, the control of the market
Buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.7Based on AI technical analysis, buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.72
[CC] Cocoa bull run is over ?Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone.
While a revisit
Short Cocoa at 10,000The cocoa market is in the mania phase.
Shorted at 10,000 in small size (2%), just one small position in the macro book, can only lose 2% even if it doubles in value from here!
Caveat emptor. Target much lower over coming months.
CHARTOLOGY 101 --- 43 years in the makingThe bigger the pattern
the bigger the consolidation
the more explosive the move
how about this Chart Porn?
Cup and handle
I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore
Yup Massive east coast supply chain disruptions to be expected
Ports jammed
Cocoa reached maximum fib extension 4.236Cocoa reached maximum fib extension 4.236 on weekly time frame at around 10000 level. The correction of at least 30% underway. I suggest ABC now.
Looking to buy May Sugar at 22.13, stop 21.54, tgt at 23.23Sugar is showing some recent strength and with Cocoa prices soaring we are looking for technicals to fuel short term rally. Looking to buy May Sugar at 22.13, stop 21.54, tgt at 23.23
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Frequently Asked Questions
The nearest expiration date for Cotton No. 2 Futures is Jul 9, 2014.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Cotton No. 2 Futures before Jul 9, 2014.