Looking for a low this month to go long for February
I am keeping an eye on cocoa for a low this month as January is usually bearish seasonally whereas February is usually a good month seasonally. I am looking for an entry any where around 2270(November low) or less to go long. I would be grateful for any insights/views from others who also trade this commodity. Agricultural commodities need patience and you have to really watch the overnight fees your trading site charges because these trades normally run a couple of weeks at least so you really need to pick your trades so everything lines up both seasonally and with the entry price. I intend to cash out my long sometime in February as march is again usually bearish for cocoa.
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