US Cocoa - Cash forum
COCOA waiting for pull back and then entryCOCOA buy if price drops a bit more
COCOA so long as 8680-700 (pepperstone chart) is not broken, this is going down to 6700 first, then we see from there, i wrote back in late june that bracket market is developing and such was the case, this could end up in a big decline or a fakeout, only the coming week will shed more light. but 84-8700 is a big volume node, after that is on around 11-1500.
USCOCOA 1h and 4 h chart closed with a perfect doji.We should see a change of trend now.COCOA buy now? Major support level
COCOA It would be about time to pump it and climb on sellers liquidity if they want to turn that monthly candle into a big wick to resume the uptrend, otherwise we are going to see a lot more downtrend in the coming months.COCOA buy now at the resistance level?
USCOCOA Why the big sell off today?
COCOA Grindings data Oct 17th. If demand is steady or increaced we hit a new ATH
If demand is significantly weakened we go below 6k
USCOCOA best buying opportunity