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...
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 $2,622 a ton. Ivory Coast lifts suspension of sustainability programs imposed on industrialist Hershey. Indeed, the U.S. chocolate maker has committed to...
Beginning of uptrend if channel breaks. Potential TP = height of broken channel, also retest of previous highs. Support seems to have been found at 50% fib retracement level. Tight SL below 2500. RSI indicator seems to back the upside
A possible long in Cocoa, after breaking from a downtrend channel (now retesting it) and finding support at the 50% fib retracement level, cocoa might yet again go higher to retest the 2700 key level or 2730 (projected height of the broken channel). Cocoa's seasonality is somewhat against higher prices at least until February-March, so beware of the short term...
No prediction just reading the chart and indicators. Not oversold enough, MA still negative, channel downtrend.
Support us by consulting our free daily 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 higher at $2,654 per ton. Ivory Coast lifts suspension of sustainability programs imposed on industrialist Hershey. Indeed, the U.S. chocolate maker has...
COCOA future after hitting the 2820 level retraced back until the previous high over a daily support. From here IF the price will break below we can a test of the 0.382 or 0.5 fib level. We will wait for a new sign of inversion to see a long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
Support us by consulting our free daily 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 higher at $2,766 a ton. Some manufacturers bought cocoa directly on the futures markets to avoid paying the LID, a $400 premium introduced by Ghana and Ivory...
COCOA future daily chart after the previous impulse retraced until exactly the 0.786 fib level before starting strong bullish leg. The price never retraced yet and in the next days we can expect a retracement move until the 0.382 or the level above. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in...
Support us by consulting our free daily 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 sharply higher at $2,712 a ton. According to Bloomberg, Hershey is responsible for the sudden upward movement in cocoa prices by buying massively on the...
Support us by consulting our free daily 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 higher at $2,388 a ton. Hopes for a vaccine are fuelling markets, Moderna announced very encouraging results on Monday. The pandemic is not weakening, we have...
Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. ANALYSE TECHNIQUE DU CACAO Last week, ICE U.S. cocoa futures closed higher at $2,3333 per ton. The pandemic continues unabated, we've just surpassed 50 million cases worldwide, with more than 1.250 million deaths. Faced with...
Support us by consulting our free daily 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 sharply lower at $2,294 per ton, losing more than $200 in one week. First, the worsening health situation with a sharp increase in covid-19 cases in the U.S....
Coffee reached our target at 120. However, there is still no signal the decline is done and we want to follow the trend. The support is broken and it makes me believe there is a big chance we can see a retest of important support/resistance near 104. So, if you still hold your shorts, consider adding trailing stops and let the good time roll.