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CC Cacao: Trade Commodity THIS EasterHi Traders, Investors and Speculators of the Charts 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Are you looking to make a trade out of Easter weekend? Look no further than Cocoa futures, or chocolate. Cocoa is a soft commodity that is used to produce chocolate, and it is traded on several global commodity exchanges. One of the most significant exchanges for trading cocoa futures is the ICE Futures US (Intercontinental Exchange Futures U.S.). The exchange offers futures contracts for cocoa, which allows investors to speculate on the future price of cocoa beans. The cocoa futures contract on the ICE Futures US is traded under the symbol CC. Each CC contract represents 10 metric tons of cocoa beans, and the contract price is quoted in U.S. dollars per metric ton. The contract months for trading cocoa futures are March, May, July, September, and December. The price of cocoa can be influenced by several factors, including supply and demand, weather conditions, and political instability in cocoa-producing regions. For example, adverse weather conditions, such as drought or flooding, can reduce cocoa yields and increase prices. Similarly, political unrest or conflicts in cocoa-producing countries can disrupt supply chains and lead to higher prices. Easter Weekend is a time known well for Easter bunny egg hunts and other chocolate delights, meaning that demand increases for cocoa in the months leading up to Easter. Considering that from a chart analysis the price of Cocoa has already increased over the past few months, it is the ideal time to consider a short right after Easter. Easter has become a global celebration, and many cultures around the world have their unique ways of celebrating the holiday. For example, in Greece, the week leading up to Easter is called "Holy Week," and it is a time of fasting and religious observances. On Easter Sunday, families gather to celebrate with a feast of lamb and other traditional foods. In the United States, Easter is celebrated with the Easter Bunny, who brings baskets of candy and treats to children. The Easter Bunny has its origins in German folklore, where it was a symbol of fertility and new beginnings. The tradition was brought to America by German immigrants in the 1700s. In many Latin American countries, Easter is celebrated with parades and processions, where people carry statues of Jesus and the Virgin Mary through the streets. In Spain, there is a tradition called "Semana Santa," or "Holy Week," which involves elaborate processions and celebrations. In India, the Christian community celebrates Easter by attending church services and exchanging gifts and greetings with friends and family. The holiday is also an opportunity for people of different faiths to come together and celebrate the arrival of spring. In conclusion, Easter is a holiday that is celebrated around the world as a time of new beginnings, renewal, and the victory of life over death. Whether celebrated with bunnies and candy or religious observances and parades, Easter is a time for people of all cultures and faiths to come together and celebrate the beauty and wonder of spring. _______________________ 📢 Show us some LOVE 🧡 Follow for daily updates and trade ideas on Crypto , Stocks , Forex and Commodities 💎 We thank you for your support ! CryptoCheck
ICEUS:CC1!Short
by CryptoCheck-
34
HSY who doesn't love chocolate for Valentine's Day As a leading manufacturer of chocolate and sugar confectionery in the United States, Hershey Co. is poised to generate significant profits during Valentine's Day with its well-known brands such as Hershey's, Reese's, Twizzlers, and Kit Kat. Despite the recent controversy surrounding the missing "tips" on its Hershey's Kisses, the company's holiday-themed packaging, such as heart-shaped boxes, is expected to boost revenue even further. In 2018, Hershey Co. recorded annual revenue of $7,791 billion, a 3.67% increase from the previous year. According to the company spokesman, Valentine's Day ranks as Hershey's fourth largest season, following Halloween, Easter, and Christmas. going to do a live stream to talk more about the chart
NYSE:HSY
by ThanksNeo
1
#CC #Cocoa #Cacao Since mid-September CC has started an up-trending channel reaching above 2600. This is usually Put range to me: specs tend to sell at these levels reason being short term it is a peak. I would not be surprised if it would not hold. Would be interesting to see the put/call ratio at this level. On the other hand, much has been said about recession in these last weeks. Data flowing from Asia is not great (South Korea), as is some bigger names reporting earnings in the USA. Lots of layouts since 3q 2022 showing that there is not enough demand, or that businesses are getting ready for lower demand. That translates in non-essential items becoming secondary for consumers, in which chocolate can be included. Nevertheless, there has been strong demand in its raw material (cocoa) and as of this week positive data from US posting a relative better than expected GDP growth. As seen in other agricultural commodities, offer has been somewhat restrained due to higher cost of inputs (fertilizers), and harder commercial conditions worldwide (shipping). On the technical side, volume remains up and strong, both show support on its Short and Longer term MA. To see higher levels, CC would have to break above 2690. In the last 2 years, every time its hit above or at 2690 it has retreated back to its base line LB 2450. Desde mediados de septiembre, CC ha iniciado un canal de tendencia alcista que supera los 2600. Esto suele ser un rango Put para mí: los especuladores tienden a vender en estos niveles porque, a corto plazo, es un pico. No me sorprendería que no aguantara. Sería interesante ver la relación put/call en este nivel. Por otro lado, mucho se ha hablado de recesión en estas últimas semanas. Los datos que fluyen desde Asia no son excelentes (Corea del Sur), al igual que algunos nombres más importantes que reportan bajas ganancias en los EE. UU. Muchos despidos desde 3q 2022 muestran que no hay suficiente demanda o que las empresas se están preparando para una menor demanda. Eso se traduce en que artículos no esenciales pasen a ser secundarios para los consumidores, en los que se puede incluir el chocolate. Sin embargo, ha habido una fuerte demanda en su materia prima (cacao) y a partir de esta semana datos positivos de EE. UU. que muestran un crecimiento del PIB relativamente mejor de lo esperado. Como se ha visto en otros productos básicos agrícolas, la oferta se ha visto algo restringida debido al mayor costo de insumos (fertilizantes) y condiciones comerciales más duras en todo el mundo (logistica). En el aspecto técnico, el volumen se mantiene alto y fuerte, ambos muestran soporte en su media móvil de corto y largo plazo. Para ver niveles más altos, CC tendría que romper por encima de 2690. En los últimos 2 años, cada vez que toca por encima o llega a 2690, ha retrocedido a su línea base LB de 2450.
ICEUS:CC1!
by ejencalada
‘Tis the season to be Chocolatey!While you’re enjoying the summer sun and clear skies back in SA paradise… I’m afraid I’m not. I’m trying to keep warm sitting inside a local restaurant in Greece with a cup of hot chocolate while I search for my next trade. And surprise, surprise, cocoa popped up on my radar… Here are three reasons why I’m buying cocoa and where I expect it to head next. Reason #1: We are all buying We are literally one month away from celebrating yet another Christmas. And this is the top time of year where you, me and countless consumers will be buying chocolates. This increase in demand, will have a positive impact on the price of cocoa… Here’s a statement that Jack Scoville, analyst at Chicago’s Price Futures Group for “soft” commodities, has to say that coincides perfectly with the season: “The weekly charts for cocoa imply that a significant rally is possible over the next few weeks,” Reason #2: Thank the weather Did you know two-thirds or 60% of the world’s supply of cocoa beans come from West Africa each year. This includes the Ivory Coast and Ghana. You see, as cocoa is an agricultural commodity – the demand, supply and prices all have an impact based on the weather conditions and crop diseases that prevail. Jack Scoville mentioned, for the incoming produce, that the harvest was active this week in the world’s largest growing region of West Africa, with good volume and quality. It was also confirmed that the weather was also great for produce, due to the rain levels that West Africa received. Jack then added, “The weather in Ivory Coast has improved due to reports of frequent showers.” “The precipitation is a little less now so there are no real concerns about disease. Ideas are that the next crop will be very good. Both Ivory Coast and Ghana are doing what they can do boost cocoa prices.” Reason #3: A new surcharge to boost the cocoa prices This surcharge will have more of an impact than you think. Take the leading cocoa manufacturers including Hershey, Mars, Ferrero Group, Nestle etc… Them and other companies depend on supplies from the Ivory Coast and Ghana for the beans. This new premium will not only lead to a rise in price but also a further increase in cash flow, production, create sustainability and will allow farmers to boost wages for their workers. And so the chocolate manufacturers have supported the two nations decision to add the $400 per ton surcharge. Now let’s get into the charts… Looking at the above daily chart of the spot Cocoa Futures price, we can see that since March 2019 the price has been moving in a sideways range between $1,640 and $1,940 (Shaded area). Each time the price touched the $1,940 high, it then retraced back ended up making an even higher low. This has formed what’s known as an Ascending Triangle. This positive formation shows prices touching the same high while making higher, low prices, until there is a upside breakout. This took place last week (red shaded area), which confirmed there was a lot more upside to come. In fact, we can now expect the upside momentum to continue which will take the cocoa futures price to the next high - See the analysis above...
ICEUS:CC1!Long
by Timonrosso
The Swiss franc *might* go lower, but only so farThe Swiss Franc has always been one of my favourite currencies to trade because it abides by support and resistance lines... except when the SNB intervenes.... ouch that one hurt. In any case, what you are seeing here are arrows point up from very strong resistance lines stretching back several months. The A arrow points up from the weakest support, the second arrow points up from declining support and the I arrow points up from monthly support. Either way, the USDCHF will bounce up from one of these lines, though as a caveat, a break below and I'd be closing off all your CHF positions. RSI and CCI are overbought, a confirmation from the MACD would confirm buying opportunity. Selling CHF also pays overnight premium.
Long
by maccabean