Cocoa futures monthly demand in control, long opportunities. Going short with monthly demand level in control is very risky and low odds. Very strong monthly demand created with proximal line at 1995. New daily demand zones being created, not yet available. Longer term long bias with this monthly demand zone in control.
Cocoa (CC1!) is on a very aggressive long term Channel Down on 1W (RSI = 37.498, MACD = -53.170, Highs/Lows = -176.9286, B/BP = -379.8580) and is currently also trending lower on the latest 1D bearish leg, equally as aggressive (STOCH = 21.862, Williams = -90.823). This is the third leg downwards on this Channel Down and based on the previous two it should reach a...
Quick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line. Top yellow line at 2051 Bottom yellow line at 1800 Please study your indicators...
Cocoa appears to have completed a multi-year correction in May 2017 to 1792 in the form of WXY; could be a great buy with a stop loss below that point. There was a very big starting wedge for wave 1, followed by a complex WXY for what could be wave 2...Cocoa might already be in the next impulsive move towards new highs
Cocoa Buy Idea @Weekly Demand Zone (2045 - 1803) Buy Limit: 2065 Stop Loss: 1779 Take Profit: 2453
watching for a reversal at support over the next few weeks. as of now still very bearish. $NIB
A bullish signal on COCOA future with the target in the area $ 2870/2880 and the stop loss at $ 2320/2325.
Cocoa Sell Idea @Weekly Supply Zone (2802 - 2919) Sell Limit: 2802 Stop Loss: 2920 Take Profit: 2587
The downward trend on has been broken and the maret is looking to rise. We have entered a long order @ 189.00 at P1 we will close for half profit and let the rest of the position run with the trend. If the trend change we will reassess.
Cocoa Buy Idea @Daily Demand Zone (2585 - 2423) Buy Limit: 2587 Stop Loss: 2520 Take Profit: 2750
Cocoa Sell Idea @ Monthly Supply Zone (2628 - 2847) Sell Limit: 2625 Stop Loss: 2850 Take Profit: 2150
Cocoa is at a heavy resistance now, 2443. Will it go Short or long? Price is exactly between two fibonacci resistances now; 2524 and 2368. I think price will bounce between these two before it breaks long or short. When it breaks the long resistance 2524, I see a target of 2674. When it breaks low; target 2153. Most difficult part are the exact positions where...
Cocoa is at a heavy resistance now, 2443. Will it go Short or long? Price is exactly between two fibonacci resistances now; 2524 and 2368. I think price will bounce between these two before it breaks long or short. When it breaks the long resistance 2524, I see a target of 2674. When it breaks low; target 2153. Most difficult part are the exact positions where...
I believe that Cocoa has around a 1920 short target as a price index. The Cocoa market is an exchange grade premium product with chocolate supplies running out. The demand of it as a commodity is starting to slowly be positive again. However, the HODL would be short in my opinion. This as an index, is a really risky pair in terms of overall correlations. The...
CC2! is in a sideways volatile market. It has made a vacuum to test the lows followed a failed retest on a final push below. Price has formed a strong hammer candle and also an inside bar. A potential long trade to the 2118 area could be in store.
Breakout from 2.34, but does it have the legs to go past 2.49? Looks like a bottom is in place but will the trend reverse now or much later?