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...
ICEUS:CCK2024 Uhhh... Cocoa. The most it can rise to is $12,933. I didn't read the article. It is showing all signs of exhaustion. Volume is decreasing while the price is going parabolic. The oscillators are showing bearish divergence. It is close to a pull back, if not out right crash to 8000 area.
SB has sell signal based on COT report. Also seasonal trend is down. Weekly trend changed from up to down trend. The daily trend is in a down trend. Currently we see correction. My plan is to use this correction to open a shot position. Usually I risk 2% per trade, but in a Drawdown to reduce the emotional pressure I reduce the risk to 1%.
Currently Cocoa trading at all time high due to huge less supply. Will it rally further?
- 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...
Analysis: Price experienced a sharp decline over the short period and can now be seen as extended. Reversal position (long) can be taken to trade the potential retracement or even reversal. Long opportunity: High risk Long at market as reopening towards 83.89 as Take Profit - 1 level.
Currently Cocoa Futures trading in Strong bullish winter and will it rally further?
Case Study for Cocoa futures.. Kindly implement Technical knowledge at Guess the Move.
Based on AI technical analysis, buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.72
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 !
In case you are wondering... #Coffee STILL on deck for a MONSTER move on its yearly chart! #starbucks #timhortons #inflation #commodities
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.
#Cocoa priced in #Bitcoin is back at November 2017 levels.
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...
Cocoa reached maximum fib extension 4.236 on weekly time frame at around 10000 level. The correction of at least 30% underway. I suggest ABC now.
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
-- What you will hear in this video: -- 1-Learning how to trade commodities 2-Trend analysis 3-Support levels 4-Resistance levels 5-Market psychology -- And more... Watch this video to learn more -- **Disclaimer:** The information provided above or below is for educational and informational purposes only. -- It does not constitute financial advice, and...