COCOA forecast w/c 3 April 2023

It looks like COCOA is setting up to cool off.
I'm not sure if it'll go lower than 20EMA - I consider this a low risk trade. I don't see the market going much higher without small correction first.

This is not a trading advice. Trading is risky. Always do your own analysis.
20ema-pullbackcocoaDivergenceforecastTechnical IndicatorsRelative Strength Index (RSI)shortTrend AnalysistrinnisiatradesWave Analysis

Disclaimer