Cocoa now trades casually, aggressively and also could not break us the strong demand zone that is considered strong support and is now considered a target and if it is broken, it will create that God willing
As of the open today, the French stock market is down 32 percent from February. There's a broad based stock market crash going on, with financials down 42% year to date. For this, I will be shorting from these regions, and using the futures index as it's proxy.
13:51:33 (UTC)
Wed May 13, 2020
Europe Markets entering strong bearish momentum.
France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks.
France, Spain, Germany following Italy's state of emergency.
We expect now a lower low of the CAC 40 Index.
At the correction move to 4600, we can start shorting the Index with the...
My call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3...
The trend of the CAC 40 in recent years is an uptrend.
in October 2011 the Cac has undergone a technical correction of 1200 points and then very quickly he returned to his upward trend, in October 2015 after a long rise the Cac has made technical correction of 1000 points pretty much like the first time and quickly took it back bullish trend, in October 2017 the...
