COCOA triangle setting up a possible move up
Short is an overcrowded trade here at the moment. Watch for reversal signs as good chance of those shorts getting covered at pace when we do.
Could well see some price action off this long term support - especially after a few failed moves to break current resistance areas.
Cocoa is building a base since March of this year. Eventually it looks like it wants to get it on and move to higher levels. The price projection symmetry on the monthly provided good enough support and we see signs that this base is finally over and the next leg higher has already started. Based solely on technicals , COCOA has a minimum 100-200 upside from...
This has broken from the very protracted downtrend and bottoming over the last 12 months. You can now see two horizontal lines of resistance - one of which the price is currently sat at - we also have a parallel channel on the RSI which I think needs to break. To my eye we need to see to move above $2100 and we should be in for a long hold and run.
COFFEE continuation up after triangle compression
Weekly chart so very long timescales in play but this has bottomed and is reversing from my perspective. I would be taking longs on the dips.
I don't think we've yet seen the bottom here. The major support line tags the current price action sub $1.2, and the bollingers don't quite look right to signal the bottom. So although I will be going long here very soon and will be looking for a very big upward move, I will watch/stay short for now u til I see clear evidence of the floor emerge.
Big drop today. Lots of shorts still here and premature longs getting squeezed. Watch the support line for the entry point & scale in Long for the bounce.
KT1 Coffe Futures Buy in important Support .
it`s hard to see the particular pattern but it`s rules also in the coffee. the two blue line are important in the next days. if you agree write comment and follow me.
COCOA ending a big correction and hitting bottom
TOCOM rubber-day-rsi-green_short-red_long
COFFEE one more wave down to end correction
Cocoa has hit levels which has previously proven to be support levels in 2011/12 and again in 2013. I believe that this may be the turning point for the cocoa price, after a rough 2016 with a 32% decline. If the support level is broken, though, it's probably wiser to open a short position. What's interesting is that the short interest in cocoa is very high, and...
entry point 2178 for me , Target 2500 first,