cocoa After the decline and breaking the bottom of 2313, the commodity became to decline in the coming period, and we expect the completion of the ((E)) leg at lower levels that may reach the level of 90% before the rebound and reversal and the decisive point 2092
#Cocoa can’t seem to take a clear heading, the august attempt failed. USD keeps consolidating (@109) harming commodities such as cocoa. On a technical view: cc tried for a run above 2400 on the 22nd of August, but this push was cut short by negative world news from higher inflation, more worries from China, Europe, and mostly the energy crisis that will seem to...
On the daily graph, #CC is attempting a break-out from its mid-February downhill from 2800 down to 2250. It has tried monthly to break through that resistance (RED) and failed, it is now on 9th of august attempting yet again. However, this time it looks more supportive as its MACD has turned positive since mid-July and better buy volumes also. Its short term...
Very sharp and strong landing, knowing that it has reached a very strong demand area, and we can see a light rise, and if this region breaks, it will continue to drop to the lowest points.
I will start with Base Support (SB) which in my last analysis I said: ‘Base Support SB at 2315 still holds, if this breaks next support would be around 2200 ($80q) followed by 2150.’ On July 1, the price of CC touched the base support level, and bounced back up only to fall on July 7th again and close the week on the SB level. This is clearly not a positive and...
Bought little CC, but waiting for smaller pb for going long..
Short term analysis of cocoa market trend giving the latest information on the commodity. DXY and VIX must be taken into account.
Type: Bearish Reversal Resistance: 2645 Pivot: 2607 Support: 2557 Preferred case: We see the potential for a bearish reversal from our pivot level at 2607 which is in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st support level at 2557 which is in line with 100% Fibonacci projection along with a graphical swing low support....
Rough market cycles are derived from significant resistance and support using the sine wave and cycle line tool. In tandem with this, the market cycle based reflex indicator cycle line has crossed trend line, as well as the 8 hour fisher transform being "overbought". I would not place a trade based on any of these indications separately, but collectively I believe...
IF Cocoa corrects as expected NICE 15% gain Potential
Prices have been in a squeeze for a very long time ... The last days of this scramble will be like the middle of June. Prices will probably decide which way to go by this date, Up or down? In this sense; It is worth watching the 1840-1890 band for prices that are supported by the 50-day exponential average. However, we would expect prices to hold on to 1690 and...
Cocoa daily chart forming a bullish hammer pattern, after hit the support at the bottom of the consolidation zone. If the daily hammer pattern confirmed I recommend to open long trade at market price, because i think it can go to February 2020 high price at 2900. Trade at your own risk. Please don't forget to like, follow, and comment, if you like my analysis.
As demand side economics attempts to take over the over the world - commodities should stand to benefit. #Cocoa is breaking above its declining resistance line and we are entering longs at current levels targeting the previous period high at 2800. Work stops at 2440 initially. #cc1
Support us by consulting our free magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COCOA Last week, ICE U.S. cocoa futures closed lower at $2,506 a ton. Cocoa prices fell sharply last week from over $2,650 to just $2,500. Even the falling dollar could not provide support for cocoa. Last week...