Cocoa: Cocoa futures hit $9,400 a ton for the first time ever, marking a 45% increase in March. Poor harvests in key producing countries such as Ivory Coast and Ghana, where adverse weather conditions, including heavy rains from El Niño and subsequent extreme heat, have led to supply shortages. The Ivory Coast cocoa regulator anticipates a 33% decrease in...
Hi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate. Cocoa is a soft commodity that...
Target reached with Cocoa at $26.90 7>21>200 MA Still bullish Target 2 due to an even bigger Cup and Handle sets the next price to $30.60 But with peripherals, there are a few reasons for the spike in Cocoa prices. People are buying chocolates! January is typically a busy month for chocolate manufacturers as they gear up for Valentine's Day, which results in...
Cocoa formed a W Formation (Simple). Price broke up and out of the sideways range and now looks like it's going to $26.90 RSI also broke out of its down divergence showing bullish momentum. Looks good.
COCOA FUTURES COCOA Important resistance 3000$ Increasing demand
Prices have been in a squeeze for a very long time ... The last days of this scramble will be like the middle of June. Prices will probably decide which way to go by this date, Up or down? In this sense; It is worth watching the 1840-1890 band for prices that are supported by the 50-day exponential average. However, we would expect prices to hold on to 1690 and...
COCOA future after hitting the 2820 level retraced back until the previous high over a daily support. From here IF the price will break below we can a test of the 0.382 or 0.5 fib level. We will wait for a new sign of inversion to see a long order. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly...
COCOA future daily chart after the previous impulse retraced until exactly the 0.786 fib level before starting strong bullish leg. The price never retraced yet and in the next days we can expect a retracement move until the 0.382 or the level above. According to Plancton's strategy (check our Academy), we can set a nice order ––––– Follow the Shrimp 🦐 Keep in...
Cocoa Futures showing some signs of rejection at relevant area of Resistance. Also note that climatic volume which makes me think that there may be selling pressure. 3D chart.
Cocoa Long - Risk Reward 2:20 Cocoa is trading below the long term weekly trend, with strong selling pressure forcing it below the expected RSI and BBands for its current bull cycle. Trade with tight stop on bottom of cyclical trend reversal. Entry price range: 1.9 - 2.0 Exit price range: 2.26 - 2.35
Cocoa futures monthly demand in control, long opportunities. Going short with monthly demand level in control is very risky and low odds. Very strong monthly demand created with proximal line at 1995. New daily demand zones being created, not yet available. Longer term long bias with this monthly demand zone in control.
Quick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line. Top yellow line at 2051 Bottom yellow line at 1800 Please study your indicators...
Cocoa appears to have completed a multi-year correction in May 2017 to 1792 in the form of WXY; could be a great buy with a stop loss below that point. There was a very big starting wedge for wave 1, followed by a complex WXY for what could be wave 2...Cocoa might already be in the next impulsive move towards new highs
A bullish signal on COCOA future with the target in the area $ 2870/2880 and the stop loss at $ 2320/2325.