On this asset I have been looking for since a while, I took my first entry around $7,000 rejection and first TP at $10,000. Today I can see another entry point for my trade and will wait now for a break of the $10,000 with potential new ATH. Great Trade !
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 !
Currently, the PEPPERSTONE:COCOA (cacao) market has undergone a notable upside rally over recent days, culminating in a significant move towards the $6000 level. Today, we observed a precise hit of this key psychological level, followed by a clean rejection, prompting a short position. The primary objective now is to remain below this crucial $6000 level,...
Since mid-September CC has started an up-trending channel reaching above 2600. This is usually Put range to me: specs tend to sell at these levels reason being short term it is a peak. I would not be surprised if it would not hold. Would be interesting to see the put/call ratio at this level. On the other hand, much has been said about recession in these last...
the current pattern is considered a bearish pattern, volume becomes a key indicator. If volume breaks to the sell side, then there is a sell-off. I doubt such a move on a commodity, would not be surprised if it was a stock. This morning Reuters published how the energy crisis is hurting heavy industries such as BASF and other german companies, this no doubt is a...
Cocoa now trades casually, aggressively and also could not break us the strong demand zone that is considered strong support and is now considered a target and if it is broken, it will create that God willing
Cocoa remains under strong downward pressure since May. It has failed to break above slope D. The averages are also holding a downtrend. SB base support at 2315 still holds, if this breaks the next support would be around 2200 ($80q) followed by 2150. MACD is approaching its first bounce level of -40, could make an attempt higher. Keep this in sight. If this...
Tecnical analisis on cocoa trend: Cacao rompe soporte de su canal inferior de 2500 cerrando en 2455 (contratos de Julio). Próximo soporte S1 en 2400, S2 en 2300. Promedios de media móvil ahora en negativos, reflejando una tendencia bajista a corto plazo. También más volumen de venta que de compra, otro factor para la baja.
Short term analysis of cocoa market trend giving the latest information on the commodity. DXY and VIX must be taken into account.
today will be the start for a downward tendency because the big volume of buyers on Saturday is just a confirmation that there will be the start of the downward tendency so I think after the trading range in the last week and the start of the bullish tendency but I think it's a bull trap and the market was searching for pawns so I think today or tomorrow will be...
bonjour a tous voici mon annalyse sur L'avenir du cacao comme vous avez vu sur le graphique le cacao a casser la résistance avec force actuellement il cherche a faire un pull back van de monter en flèche ...
Hi friends I show you my technical analysis of a very important forex market and as you see the graph will experience an uptrend in the next few days with a probability of 85% and at the same time a downward market reversal but with a low probability equal to 15% we can deduce that the upward trend is more favorable from this market please register and subscribe...