US Cocoa cash coiling US Cocoa cash has been coiling lower and more recently moving in a range 8,000-9,000. We bear and looking for a short below 8,000, stay tuned.
US_COCOA trade ideas
COCOACocoa potentially is making EW. So far it have made wave 1 and correction ,now it's potentially on wave 2. Immediate downtrend was broken- retested and price bounced to north. On daily chart price is staying in the symmetrical triangle. I would like to see on 4h.chart price sustained above ema200. Cocoa is driven mainly on fundamentals, so price jumps could be very sharp to either way.
fly baby flyCocoa is one of my favs as she use to more 1000 pips a day easy however been in massive consolidation last 3 months and at last she broke out yesterday and like text book retested the breakout straight away 9% up 9% down hope someone else caught it like me and now we should see her fly 30% to ATH and beyond !!!
Cocoa to new highs before New YearVery aggressive trade, I'm skeptical about the Interest rates lowering coming in next months, though it should have a positive effect not just on precious metals but also agrocommodities.
Chocolate Lovers Should Brace for a Possible Price IncreaseThe cocoa market is currently indicating a strong possibility of a price surge. A significant bullish breakout from the weekly pennant pattern in cocoa could attract speculators to place large bets, potentially driving the asset's price higher in continuation of the ongoing multi-year bull rally.
If you're a chocolate lover, now might be a good time to stock up before prices become too expensive!
If sugar is cheaper, but cocoa is more expensive, will the pricUnlike sugar, I am looking for a long position in a weekly bullish engulfing pattern. PEPPERSTONE:COCOA
COCOA is in a downtrend nowCOCOA is in a downtrend now but I see opportunity that could go bull if all the stars are filled. Before taking in a trade, you must have your own confirmation.
COCOA LONG 16/08/24Hello everyone,
We seem to struggle a little to get our higher high back, but an uptrend has been identified as you can see with RSI and the blue semi circle, so everything is going according to plan with a little more time than we thought.
IMPORTANT NOTE : at 15/16/17h tomorrow, there is a very strong risk of a brutal drawdown like the one we saw today, be very careful because it is almost sure at 17h, risky at 15 and 16h.
COCOA FULL LONG 15/08/24Hello everyone,
Tomorrow is finally our day. Between technicals, news and a low RSI compared to the previous low, every single condition is perfect for COCOA to break the roof.
Trust us, buy when it opens, wait for the end of the day, it will somehow go up, we drew a few routes to try and show you how to expect it, but no matter what happens, do not sell, stay long.
COCA SHORT 11/08/24Hello everyone,
Hope you got to spend a nice weekend, let's get back to work.
First of all the RSI is getting dangerously high, meaning a very likely fall in the few days.
Further than the technicals, there's concrete evidence among our expertise information supplier that tomorrow is going to be a spectacular drawdown.
We drew a red line in order to show you the point where you should put your SL, but it is obvious that tomorrow is the vengeance of our failure of Friday (which we are really sorry for btw)
Tomorrow is all in short, see you after for a debrief.
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.
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.
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 !
COCOA LONG TUESDAY 06/08It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up, don't hesitate and go long.
Updates will follow if changes occur, thanks for your trust.
COCOA LONG MONDAY 05/08 (2)Just the update of our precedent idea.
The blue path seems to be more realistic than the green one, not sure if it will stay in between our yellow security margin.
But the sure thing is :
the gap will be closed, launching the price towards at leats 8200/300.
COCOA LONG MONDAY 05/08Our team of experts posts our first official forecast for our most well known asset, COCOA, with a good start because it seems that it is fully going up.
Because of technicals, weather and cocoa data analysis, even though the small red area at the top might reject the price if it gets too high, it seems that it could go up to 8500/600 before the closure tomorrow night.
We drew the green semi circle to show you the global movement towards the next days, even though Cocoa stays really volatile.
Our advice is to buy at the opening, there might be a very little drawdown but for the 15 first minutes maximum, so buy as soon as it opens until 17/18 without any risks.
Cocoa Short Had an eye on this one for a while and there've been a few points I thought we might be making a high in this but so far taken no action on it (Which has proven wise).
Now we have a strong confluence of sell signals, though. We have the potential AB=CD topping patterns and this comes in at the 1.61 head fake level.
See strategy info here:
1.61 head fake is an optimal spot to short what may be the end of a parabolic trend. It's not a sure fire signal (By any means) but it allows for the defining of a small zone in which to make high RR bets.
Taking a short in this area now.
COCOA - A Bullish OpportunityCOCOA has exhibited a bullish divergence, breaking the previous lower high and forming a new higher high, indicating bullish control. There is a good buy opportunity at the break of the rectangle pattern.
COCOA analysis analysis made using my SMC knowledge and studies, if you have any questions feel free to ask and i will answer as fast as possible
USCOCOA - Swing Long Trade Opportunity?CAPITALCOM:USCOCOA Over the past 11 months, each time the RSI has dropped to the 30 level, it has consistently triggered a reversal, followed by new upward trends. Given that the price is currently 42% below the ATH level, this might present a promising long trade opportunity. If it breaks above the 100-day EMA, I anticipate further gains.
Ivory Coast Expects Cocoa Rebound Next Season on Better Weather
Country expects to harvest 2 million tons in 2024-25 crop year
Futures prices have dipped on improved cocoa crop outlook
Ivory Coast’s cocoa output is expected to rebound next season — helping ease a global supply squeeze that pushed prices past records — as the world’s top grower banks on better weather.
The West African producer is likely to harvest 2 million tons of the chocolate-making ingredient in the 2024-25 crop year that starts Oct. 1, according to people familiar with the matter, who cited early pod counting.
The outlook for the upcoming year compares with the 1.8 million tons the International Cocoa Organization estimates the country will harvest by the end of the current season in September. Ivory Coast’s output averaged 2.2 million tons in the five years before 2023-24.
The country has already sold 800,000 tons of the 2024-25 harvest on the forward market, the people said, asking not to be named because they were not authorized to discuss the matter. However, they added forward sales have since been paused by the industry regulator Le Conseil Cafe-Cacao.
The CCC plans a combination of forward and spot sales in the future, as part of a marketing reform.
A mix of bad weather, disease, and aging trees in top growers Ivory Coast and Ghana drove this season’s slump and saw New York cocoa futures soar past $11,000 a ton earlier this year.
Prices have since eased on optimism about improving weather conditions in West Africa. Ghana is also expecting a better crop next season.
Ivory Coast is also cracking down on the smuggling of cocoa beans to neighboring countries which will help boost supplies, said the people. An estimated 200,000 tons of beans were smuggled this season, they added.
A spokesperson for the CCC declined to comment when contacted by phone on Friday.
COCOA - Dont forgot it - Looking for buyingDear traders,
Id like to share this idea in order to take long positions,
Around 7000 is is a good price to look for buying opportunities.
It is clearly involved in a big correction before it continues to go up
best,
after the return to normal...The inévitable dump on cocoa futures is coming.
After the market got cornered following poor weather conditions for growing this crop, be ready for a giant plummet back to 'normal' cocoa prices. Shorting these futures will be very popular in a few weeks from now for months to come.
