COCOA - A Ranging MotionRanging motion action slightly rising. Only a strong break can lead to :
First break level 2183 USD --> Downwards
First break level 2500 USD --> Upwards
CC1! trade ideas
Matured correction over the peak?After a strong downward pressure, there is a matured correction movement in a rising green channel. This moving from 20th of May is absolutely complete and correction type. So I forecast that the next movement will be down, the channel will be broken down, and cocoa could reach 2000.
$CC_F COCOA weekly rejects 200MA, 50MA, 13MACocoa has been up since March, and this week it tried to break out of three MAs(13, 50, 200) and failed.
In the ST, it is not bullish.
But when you look at the COT positions, Money Managers are net short(long 42%, short 58%).
This is constructive.
It could retest Lower TL again, or go straight up.
$CC_F COCOA is basingICEUS:CC1!
AMEX:NIB
Cocoa is now trying to break 200MA and three moving averages(13MA, 50MA, 200MA) will soon turn upward.
As always Cocoa tends to be choppy below resistance. But once it broke out, Cocoa tends to move a good +20%.
Bulls on the wayHey, It's just my idea that it can go up to break uptrend, but also we have to follow spot gold to be sure that we will see bulls position.
Share your opinion and ideas if you like it or no.
COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)-The market is in a critical position. a front of a very important support
of (2412)
-For now there is a big probablity that the market
can return tested (2374)
-But if ever it break the resistance with power
the market will go to (2465)
Buy Cocoa dailyHello, the COCOA made an attempt but was pushed back then the resistance to broken with the force and the volume.
Please LIKE & FOLLOW, thank you!
Long term bullish pattern on COCOAWe can see on the COCOA daily chart a bullish pattern called "Cup and Handle", when this pattern is break up (with a big green candle and a big volume) there is a good long signal with an interesting RR ratio.
I will keep an eye on this chart !
CACAO - Attention une accélération puissance en 2 niveauxAttention Attention, aujourd’hui et le prochain jour, il ne faut pas vendre le Cacao, on dirige certainement vers 2438 USD voir plus.
CC - Warning a power acceleration in 2 levelsAttention an acceleration power in 2 levels, Attention today and next day, do not sell the Cocoa, it is certainly heading to 2438 USD see more.
BUY COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) BUY COCOA FUTURES take profit 2403 and stop lose 2201
Buy the cocoa or keeple cacao presente un véritable potentiel haussier donc nous le conseillons vivement a l'achat
COCOA FUTURESEnter on the retest of the trendline on bearish price action.Chart illustrates this well.
