Corn future May 2022 - ZCK2022
Break out of the triangle pattern. Uptrend continues
Buy at current price 754
Stoploss: 740
Take profit - TP1: 782, TP2: 824.
ROBUSTA COFFEE FUTURES MAY 2022 (RCK2022)
Long term strategy with D1
Sell at entry 2167, and waiting for resistance 2206-2231
Stoploss: 2288
Take profit" 2062
CRUDE OIL FUTURES (MAY 2022)
WTI has stabilised in a thin $102-$106ish range and at current levels in the $103.00s trades broadly flat.
According to the International Energy Agency, oil markets could lose as much as 3M barrels per day in supply from Russia from April.
Daily Pivot Point S1 96.12
Daily Pivot Point S2 90.16
Daily Pivot Point S3 86.88
Daily Pivot...
The price has rebounded today, after falling to the support area of 138-140. However, the fact that the price has not broken through the confluence between EMA21 and EMA100 above H4 further with EMA21 cutting below EMA100 has raised concerns for the buyers.
=> Recommendation: Sell if the price rises to 158, STP 172, TP1: 140, TP2: 130.
Cocoa future May 2022
A downtrend is formed with the price breaking the uptrend above H1 and cutting it below. Moreover, the price continues to move below the EMA21 and EMA100 above the H1 which supports the price to continue falling.
=> Recommendation: Sell if the price rises to the 2667 area, take a loss 2722, take a profit at 2545.
