[CC] Cocoa PullBack Incoming ?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 !
Contract highlights
COCOA : A CORRECTION IS DUE- 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
Coffee YearlyIn case you are wondering...
#Coffee STILL on deck for a MONSTER move on its yearly chart!
#starbucks #timhortons #inflation #commodities
ATH - COCOA FuturesCurrently Cocoa Futures trading in Strong bullish winter and will it rally further?
Buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.7Based on AI technical analysis, buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.72
[CC] Cocoa bull run is over ?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
Short Cocoa at 10,000The 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.
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Frequently Asked Questions
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Coffee C Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Coffee C Futures technicals for a more comprehensive analysis.
The current price of Coffee C Futures is 231.10 USX — it has fallen 3.85% in the past 24 hours.
The volume of Coffee C Futures is 31.22 K.
The nearest expiration date for Coffee C Futures is Jul 19, 2024.
The best time to sell a futures contract is when you've already made money on the investment, but still have plenty of time left before the expiration date. Thus, a good option would be to sell Coffee C Futures before Jul 19, 2024.