After a very large and strong bull momentum, it's time for me to start a short position to look for a pullback of at least 50% Fibonacci level.
Great Trade !
- The market has been trading above a bullish trendline since mid-March ; The mid-term trend was then bullish
- More recently, the increased appetite for the US Dollar has started to put pressure on a wide range of commodities, including Cocoa.
Since the impact on 11,212, the control of the market has been taken over by sellers, leading prices back to their first...
Following an explosive surge that propelled Cocoa ( NYSE:CC ) to the $1000 mark, the price is now encountering resistance around this significant psychological level. Observing this resistance, there's anticipation for a correction towards the area of interest defined by my TP zone.
While a revisit to the $1000 level in the coming days is plausible, it's probable...
The cocoa market is in the mania phase.
Shorted at 10,000 in small size (2%), just one small position in the macro book, can only lose 2% even if it doubles in value from here!
Caveat emptor. Target much lower over coming months.
The bigger the pattern
the bigger the consolidation
the more explosive the move
how about this Chart Porn?
Cup and handle
I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore
Yup Massive east coast supply chain disruptions to be expected
Ports jammed
Aviation fuel disruptions
Major economic ripples could transpire...
Sugar is showing some recent strength and with Cocoa prices soaring we are looking for technicals to fuel short term rally. Looking to buy May Sugar at 22.13, stop 21.54, tgt at 23.23
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What you will hear in this video:
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1-Learning how to trade commodities
2-Trend analysis
3-Support levels
4-Resistance levels
5-Market psychology
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And more...
Watch this video to learn more
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**Disclaimer:**
The information provided above or below is for educational and informational purposes only.
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It does not constitute financial advice, and...
This post is to test a hypothesis we can break bubble moves down into five main stages and with these we can have a reasonable idea where we might be in that move.
Here I've marked up the phases on Cocoa and I'll also show some others that have similar phases.
Broadly understanding the phases of a bubble and crash is not as grandiose a claim as it's made out...
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time.
The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
Following the previous analysis on PEPPERSTONE:COCOA , this is the second try to short this parabolic move for a little risk and big potential reward. Late to send the analysis but here was the setup I took and I will hold as much as I can.
I never try more than 2 times to short this kind of parabolic move and with proper risk management.
Great Trade !
![CC1!: [CC] Cocoa PullBack Incoming ?](https://s3.tradingview.com/u/usMCOGib_mid.png "[CC] Cocoa PullBack Incoming ?")
![CC1!: [CC] Cocoa bull run is over ?](https://s3.tradingview.com/s/sRwaafJd_mid.png "[CC] Cocoa bull run is over ?")
![CC1!: [COCOA] Cacao timing to take the correction - 2](https://s3.tradingview.com/6/6kWiBr2V_mid.png "[COCOA] Cacao timing to take the correction - 2")