Cocoa continued its upward price trajectory, rising 3% over the prior month (22 May to 23 June 2023). The International Cocoa Organization (ICCO) has corrected its forecast for the supply deficit on the cocoa market in the current crop year up from 60,000 tonnes to 142,000 tonnes as production is expected to be lower and grinding higher than previously expected....
Agricultural commodities, led by grains rose sharply in 2022. The two main catalysts for the upside in price were the Russia-Ukraine war alongside other supply challenges. There has been a number of cascading events around these two catalysts involving government interventions globally as food prices soared. However, from mid-October the renewal of the Black Sea...
SL:1782 ENTRY:1907 TP:2000 SUPPORT: 1730 RESISTANCE: 1882 If breaks resistance with bullish confirmation then LONG
I am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader. I believe PIXY is in a Rolling pattern, or consolidation. The 20 Day Moving Averages seemed to drag it down a little today, but as long as they can break above those I think it has a good chance of reaching at least $3.00. Of course, I...