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....
Last week confirms a major Buy, up ~400 more points from here, before it becomes a major sell.
I found two previous cases when the cocoa bottomed here on 2100. Seasonality would support growth in these times. Both 5y and 15y stacked averages do stay that growing is possible. Cocoa has dropped beyond what is usual and I am betting on this support I found. SL on 2078, TP unspecified. Good luck.
cocoa will continue to fall during the days very clear future trend
the chart go up in one the next candle may be green one
COCOA is sideways for the last 10 years and seems like it will stay like that. Hello traders! Today we will talk about Cocoa and its price action from Elliott Wave perspective. Well, looking at the longer-term weekly chart, we can see Cocoa moving sideways for the last 10 years in the 3700 – 1700 range, ideally within a bigger bearish triangle pattern in wave...