Cocoa Long
Updated
Cocoa +4,22% today and close above 2000
CoT very bullish -> Commercials are Net Long
It looks like a double bottom is forming.
I already got a starter position.
Planning to add on possible pullback around 1970-1990.
1. Intermediate Targets 2125 and 2245
2. Main Target is the area around 2400 with the 38,2% fibo
Good Trading!
CoT very bullish -> Commercials are Net Long
It looks like a double bottom is forming.
I already got a starter position.
Planning to add on possible pullback around 1970-1990.
1. Intermediate Targets 2125 and 2245
2. Main Target is the area around 2400 with the 38,2% fibo
Good Trading!
Note
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