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Cocoaanalysis

COCOA SHORT 09/08Hello 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 closed yesterday, but it is highly unlikely. We advise you to sell as soon as it opens but try to place a tight SL somewhere not too high because again, the change of a trend with cocoa can get very ugly very quick. Hope it helps.
PEPPERSTONE:COCOAShort
by edl75
COCOA LONG THEN SHORT 08/08Hello 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 liquidity it at its prime. We advise you to not open any position past this time because the end of a trend with Cocoa can get very ugly things. Hope to help you tomorrow with this, may the Lord be with us.
PEPPERSTONE:COCOALong
by edl75
COCOA LONG WEDNESDAY 07/08Hello 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 our study shows it is almost sure, even more than today and yesterday. Our advice is to buy when the gap appears, try not to be too quick, let the price fall if it wants to, but as soon as it goes back up, buy. Hope to help you all !
PEPPERSTONE:COCOALong
by edl75
XAUUSD FORECAST 2MWelcome 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 place money that you should not if you can't live without it - we reject any kind of responsibility in case of a loss, this account only gives indications and further information regarding XAUUSD and COCOA, you and you only are in charge of your money and don't have to trust us This is and will be a short series about XAUUSD, our team has come to the conclusion that for the next month nothing much will happen, some kind of fall between the big rally to the 3000s.
OANDA:XAUUSD
by edl75
Cocoa - SHORT; SELL it here!This is very much in the same boat as Coffee - out of season, increasingly negative fundamentals, etc.. (Now, even cocoa brokers are entertaining each other tall tales, trying to pass the time and in an attempt to reinvigorate the business. Yeah, how could that not work?! ... ;-) A resumption of a U NYSE:D rally, at any point, will put a further lid on this one - much like on coffee. Looking down from here, there is a looong way to go, enough to catch vertigo. This has also been wicking here, something fierce, for some days now!
ICEUS:CC1!Short
by Nemo_Confidat
2
LONDON Cocoa Future C1! - Short Term AnalysisPrices have been in a squeeze for a very long time ... The last days of this scramble will be like the middle of June. Prices will probably decide which way to go by this date, Up or down? In this sense; It is worth watching the 1840-1890 band for prices that are supported by the 50-day exponential average. However, we would expect prices to hold on to 1690 and then 1650 in a repeat selling pressure. It contains only personal views and opinions. Does not contain legal investment advice ...
ICEEUR:C1!
by EmoteK