CCH2020-CCK2020 There goes another one of our alerts in the commodity spreads. In this case it is an intramarket spread on cocoa. You buy the March futures (CCH2020) and sell the May futures (CCK2020) After a retracement phase within the seasonal window, the breakout of the Middle Valley level between the two highs took place, thus forming the classic "Double...
We look as a first thing at the spread indicator which is a trend following indicator and suggests if the direction of the Cocoa spread is bearish or bullish. When the red line is above the green line the indicator is suggesting that the spread is bearish. We look at the seasonality indicator as well to receive a confirmation. The seasonality indicator is...
While you’re enjoying the summer sun and clear skies back in SA paradise… I’m afraid I’m not. I’m trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade. And surprise, surprise, cocoa popped up on my radar… Here are three reasons why I’m buying cocoa and where I expect it to head next. ...
Cocoa has been trading on a multi-year Channel Up since May 2017 with the 1D chart trading near the overbought territory (RSI = 70.555, MACD = 51.220, Highs/Lows = 144.4643). If the Channel stays intact then the price should pull back towards the 1D MA200 for a Higher Low near 2,365. If however it breaks as it did in March 2018 then it can easily reach 2,940...
Ok Leo, do you want me to buy something that is already at a supply zone? That’s exactly what I am telling you to do, and why? Well mainly because big speculators, aka “smart money” just turn net long at this! Ok, so I just go long at the market? Not so fast, There’s a big supply zone one weekly and price will react from that point. So you can adopt two...
Price action play into support. Close today signifies a short trigger; 2 contract entry separate orders one with target at support other as trailing stop incase market decides to run to the downside.
Cocoa analysis: Seasonality: usually Cocoa advances mid April, but the real surge begins Jun, though Cocoa seems interestingly very bullish with respect to its seasonality 1- COT : commercials where extremely long 2- Open Interest : commercials holding their shorts in consolidation after an impulse leg 3- Backwardation : nearby contract is trading at a ...
Cocoa is a buy at the moment but there are also short opportunities to be had once we reach the top. DISCLAIMER Please note that this chart is an opinion based chart only. Please trade at your own risk
Cocoa is currently trading on a 1D Channel Down (MACD = -26.310, Highs/Lows = -32.7143, B/BP = -53.5400) about to price its Lower Low. We have a pending short order on the 3rd estimated Lower High, which based on the previous channel's should be printed. TP = 2100. ** If you like our free content follow our profile (www.tradingview.com) to get more daily...
1. main scenario is retrace to $2200 then go upward to $2600. 2. if it holds $2350(current TL), it is possible to see straight up to $2600 My feeling is the former as stochastics/PMO/MACD are all going downward so healthy pullback is due.
COCOA hit resistance zone and could retrace to $2200 level then we go north.
Cocoa could be very good if watered good but not plenty on vegetation and 8 percent more on flowering. cut the lower leaves on vegetation please, leave %70 of all growing leaves please monsierie mexican farmers. see ya.