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Cocoa Futures
Short

COCOA shorts

By John_8-58
My analysis favors cocoa shorts in the coming weeks/months for the following reasons:

  • The price of cocoa futures have broken ATH in a parabolic fashion
  • Price is approaching the 5 years R2
  • Seasonality is bearish in december and after february
  • Lower rates should favor stocks vs commodities
  • All agricultural commodities have retraced quite a lot after reaching their all time highs in the past 2 years. Cocoa should follow the same
Fundamental AnalysisTrend Analysis
John_8-58

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