Hello everyone, We seem to struggle a little to get our higher high back, but an uptrend has been identified as you can see with RSI and the blue semi circle, so everything is going according to plan with a little more time than we thought. IMPORTANT NOTE : at 15/16/17h tomorrow, there is a very strong risk of a brutal drawdown like the one we saw today, be very...
Hello everyone, Tomorrow is finally our day. Between technicals, news and a low RSI compared to the previous low, every single condition is perfect for COCOA to break the roof. Trust us, buy when it opens, wait for the end of the day, it will somehow go up, we drew a few routes to try and show you how to expect it, but no matter what happens, do not sell, stay long.
Hello everyone, Hope you got to spend a nice weekend, let's get back to work. First of all the RSI is getting dangerously high, meaning a very likely fall in the few days. Further than the technicals, there's concrete evidence among our expertise information supplier that tomorrow is going to be a spectacular drawdown. We drew a red line in order to show you...
Hello everyone, It is now clear that we're in a downtrend, as the RSI always rises back up after each low. So there are several possible scenarios, but the most logical one would be a sharp fall towards the precedent lower low, as show the green and orange paths. The red path shows the low probability path which grows back up to close the gap that was not...
Hello everyone, It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon. However, it seems that there will be a gap or a downfall at first as usual, then a moderate uptrend which will start to collapse around 16/17h, when the...
Hello everyone, Today is a little bit special because we've incorporated our mistakes and taken some advance by adding more downforce to our patterns. First of all, we predict a big down gap at the beginning, because of night time factors. Then, it might keep going down for a while, but it will eventually come back up, first to close the gap and then because...
It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night. Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up,...
Just the update of our precedent idea. The blue path seems to be more realistic than the green one, not sure if it will stay in between our yellow security margin. But the sure thing is : the gap will be closed, launching the price towards at leats 8200/300.
Our team of experts posts our first official forecast for our most well known asset, COCOA, with a good start because it seems that it is fully going up. Because of technicals, weather and cocoa data analysis, even though the small red area at the top might reject the price if it gets too high, it seems that it could go up to 8500/600 before the closure tomorrow...
Welcome to this new page, we're a team of experts working 24/7 on metals and cocoa really detailed forecasts. Our main resources are based on news, technicals and our 3 year experience gives us a true credibility that you will see as long as we keep posting. Please keep in your mind that : - we're no professionals/counselors/financial advisers - you shall not...
CAPITALCOM:USCOCOA Over the past 11 months, each time the RSI has dropped to the 30 level, it has consistently triggered a reversal, followed by new upward trends. Given that the price is currently 42% below the ATH level, this might present a promising long trade opportunity. If it breaks above the 100-day EMA, I anticipate further gains.
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 !
Country expects to harvest 2 million tons in 2024-25 crop year Futures prices have dipped on improved cocoa crop outlook Ivory Coast’s cocoa output is expected to rebound next season — helping ease a global supply squeeze that pushed prices past records — as the world’s top grower banks on better weather. The West African producer is likely to harvest...
Macro Monday 50 The Ivory Coast ~ The Cocoa Centre of the World This week we will look at the investment opportunities presenting in the Ivory Coast which is the world’s largest producer of cocoa. This booming economy is expected to continue grow at a 6.6% GDP growth rate which competes with the likes of India (covered on a previous Macro Monday). Today we...
I've been waiting for the trend to break and then backtest a resistance for a huge short. And I got it. After waiting for 7 months.
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 !
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 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...