It 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,...
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.
Our 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...
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