KaibaraYuzan

$CC_F COCOA weekly rejects 200MA, 50MA, 13MA

ICEUS:CC1!   COCOA FUTURES
Cocoa has been up since March, and this week it tried to break out of three MAs(13, 50, 200) and failed.
In the ST, it is not bullish .

But when you look at the COT positions, Money Managers are net short(long 42%, short 58%).
This is constructive.

It could retest Lower TL again, or go straight up.

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