Cocoa Futures!!If you like my Idea, Don't forget to Boost and comment on my Analysis.. The recommendations are purely for educational purpose only, consult you financial advisor before trading.
CocoaCocoa trade. Given the geopolitical and economic context, I expect a possible explosion in cocoa price
COCOA SHORTCocoa started a correction on Wednesday, after going parabolic.
It is doing an ABCD pattern, with "C" giving us a point for defining a bearish trendline.
The target is "D", 11,147.
A solid close 4H above the trendline, would invalidate this trade idea.
my xmass trade is every year COCOA longits the best time of the year, so people buy lots of chocolate
end of october there is usually an up trend in the cooca futures market
for entries a long above 18 sma is the most simple entry and an exit would be a 3 bar trailing stop or the new high
WHAT'S FLOWING: METALS | FX | CRYPTOS | COMMODITIESXPDUSD (Palladium): Bearish outlook. The chart indicates potential resistance around the current price levels, suggesting a downward move may be in play.
AUDCHF: Bullish. Positive price action with upward momentum signals the potential for gains, as AUD strength seems to dominate CHF.
CADCHF:
Cocoa Crisis 2024 skyrockets prices, outperforming S&P500
The price of cocoa has risen 130% this year, making it the most revalued commodity, surpassing even copper. There are two times of the year when cocoa is harvested, and poor rains and crop diseases have dented the crop in Côte d'Ivoire and Ghana, responsible for more than half of the world's cocoa
COCOA LONGCocoa (ICE) price oscillated in a rectangular pattern. Price finally made a breakout, after the breakout the price retraced because it hit the 61.8% golden ratio Fibonacci level (not plotted in this chart), then continued its path upwards.
After measuring the rectangle height, I projected it to def
Cocoa Futures Long position - triangle chart patterns
Buy MKT ( Market order) at the current market price - 8092
And bonus buy limit at price 7721
Stoploss 7521
Take profit 8921 and 9609
The Cocoa price can now fall as fast as it rose in six months.The Cocoa price tripled in six months from autumn 2023 to February 2024. So what now? Some have predicted that the Cocoa price will continue to skyrocket? Probably not..
The Cocoa price can now fall as fast as it rose in six months.
Technical Analysis of Cocoa Futures:
If we first look at the
[CC1!] Cocoa end of correctionOn 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 !
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Cocoa Futures is 8,475 USD / TNE — it has risen 2.71% in the past 24 hours. Watch Cocoa Futures price in more detail on the chart.
The volume of Cocoa Futures is 9.00. Track more important stats on the Cocoa Futures chart.
The nearest expiration date for Cocoa Futures is May 13, 2026.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Cocoa Futures before May 13, 2026.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Cocoa Futures this number is 129.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Cocoa Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Cocoa Futures. Today its technical rating is strong buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Cocoa Futures technicals for a more comprehensive analysis.