cocoa After the decline and breaking the bottom of 2313, the commodity became to decline in the coming period, and we expect the completion of the ((E)) leg at lower levels that may reach the level of 90% before the rebound and reversal and the decisive point 2092
Corn The decline continues, since trading is less than the top of the B wave at 699.75 prices, and this decline continues to lower to the end of the III wave, targeting 585.75 prices in the medium term as well as in the long term
cocoa was ranging since the beginning of 2017. In June 2022 CC broke the 209 SMA with a high volume. after that CC keeps testing the downline of the range. a breakthrough that line would signal a substantial short opportunity. it is taking into consideration the rsi that is under the 50% Line. Let's see what Cocoa will do in the following weeks.
SUGER We expect a drop in the sugar commodity, since prices are below the resistance point of 18.70, and we expect prices to target 17.61, and we also expect more decline in wave ((iii)) target prices of 16.69 in the coming period
cocoa Expecting cocoa to continue rising in the coming period, and this rise depends on the continuation of trading above the support point 2315 and the end of wave ((ii)), and the beginning of the rise in wave ((iii)) targeting prices of 2741 and now we expect cocoa to rise and the end of the decline in wave (ii) at Prices 2356
cocoa Expecting the continuation of the rise in Cocoa in the coming period, and this rise depends on the continuation of trading above the support point 2315 and the end of wave ((ii)), and the beginning of the rise in wave ((iii)) targeting prices of 2741
cocoa Expecting the continuation of the rise in Cocoa in the coming period, and this rise depends on the continuation of trading above the support point 2315 and the end of wave ((ii)), and the beginning of the rise in wave ((iii)) targeting prices of 2741
On the daily graph, #CC is attempting a break-out from its mid-February downhill from 2800 down to 2250. It has tried monthly to break through that resistance (RED) and failed, it is now on 9th of august attempting yet again. However, this time it looks more supportive as its MACD has turned positive since mid-July and better buy volumes also. Its short term...
Very sharp and strong landing, knowing that it has reached a very strong demand area, and we can see a light rise, and if this region breaks, it will continue to drop to the lowest points.
I will start with Base Support (SB) which in my last analysis I said: ‘Base Support SB at 2315 still holds, if this breaks next support would be around 2200 ($80q) followed by 2150.’ On July 1, the price of CC touched the base support level, and bounced back up only to fall on July 7th again and close the week on the SB level. This is clearly not a positive and...
Bought little CC, but waiting for smaller pb for going long..
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...
UKCOCOA $UKCOCOA High-risk Initial Long. SL and TP on chart. 10-30x leverage. Move SL on TP.
Elon Musk tweet: "Chocolate milk is insanely good. Just had some." 09.05.2022 twitter.com I think Elon Musk is trying to tell us that cocoa is a good investment right now :D I agree with the idea. not investment advice!
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.
upside focus remains, looking for a strong move higher in wave ((iii)) of 1 of (3), key level at 2453, critical support at 2333.
Type: Bearish Reversal Resistance: 2645 Pivot: 2607 Support: 2557 Preferred case: We see the potential for a bearish reversal from our pivot level at 2607 which is in line with 38.2% Fibonacci retracement and 100% Fibonacci projection towards our 1st support level at 2557 which is in line with 100% Fibonacci projection along with a graphical swing low support....