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 !
In case you are wondering... #Coffee STILL on deck for a MONSTER move on its yearly chart! #starbucks #timhortons #inflation #commodities
- 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 has been taken over by sellers, leading prices back to their first...
Based on AI technical analysis, buy May Sugar 22.23 limit, if filled, stop at 21.08, target 23.72
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 to the $1000 level in the coming days is plausible, it's probable...
The 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.
#Cocoa priced in #Bitcoin is back at November 2017 levels.
The bigger the pattern the bigger the consolidation the more explosive the move how about this Chart Porn? Cup and handle I expect the log tgt not only to be made but surpassed given yesterdays event's in #baltimore Yup Massive east coast supply chain disruptions to be expected Ports jammed Aviation fuel disruptions Major economic ripples could transpire...
Cocoa reached maximum fib extension 4.236 on weekly time frame at around 10000 level. The correction of at least 30% underway. I suggest ABC now.
Sugar is showing some recent strength and with Cocoa prices soaring we are looking for technicals to fuel short term rally. Looking to buy May Sugar at 22.13, stop 21.54, tgt at 23.23
-- What you will hear in this video: -- 1-Learning how to trade commodities 2-Trend analysis 3-Support levels 4-Resistance levels 5-Market psychology -- And more... Watch this video to learn more -- **Disclaimer:** The information provided above or below is for educational and informational purposes only. -- It does not constitute financial advice, and...
This post is to test a hypothesis we can break bubble moves down into five main stages and with these we can have a reasonable idea where we might be in that move. Here I've marked up the phases on Cocoa and I'll also show some others that have similar phases. Broadly understanding the phases of a bubble and crash is not as grandiose a claim as it's made out...
Choppy but slightly up trending coffee. Buy at 183.80 limit. If filled, stop at 178.80 and target at 193
Cocoa has sustained a price escalation of the last 54 weeks marking a growth of 60.88%, after which a sideways range has formed. Cocoa futures reached a trading high of 6676 points, driven by inflation increases and the Federal Reserve's price tightening, which have caused this incredible upward push in the commodity. Most of the major chocolate companies in the...
KC1 will probably hit the 184 it will go chase the last resistance and if it breaks through it it might hit the 180
The main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton...
Cotton has risen by quite a lot YTD. I believe it will continue going north. We'll see how it plays out.
Following the previous analysis on PEPPERSTONE:COCOA , this is the second try to short this parabolic move for a little risk and big potential reward. Late to send the analysis but here was the setup I took and I will hold as much as I can. I never try more than 2 times to short this kind of parabolic move and with proper risk management. Great Trade !