Long

Cycles in Cocoa vs Sugar

Updated

Demand has been established at the blue diagonal for decades. Everytime price hit that level of equilibrium we've seen a massive reversal. We're once again at the level of extreme reversal.

Better get on this...

Note

An intermediate bottom in cocoa may have been confirmed with today's close. I went long the Cocoa/sugar spread on Thursday. I would NOT have gone long on cocoa if it weren't for the spread. Just one of the reasons why I love spread opportunities. Sometimes they bring more clarity, which provides us with better trade structures.

Note

Possibilities show possible correction into neck and mini trend line. Ideally we see a correction and a break of the trendline to get a cheaper big.

Note

cheaper bid*

Note

Dream correction is coming. Let's hope the spread goes below 110 and settles between 100 - 107

Note

up 39% on spread thus far

Trade closed: target reached

Lanmar

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.