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Cocoa

Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2838 Pivot: 2660 Support: 2565 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to retest the pivot at 2660 where the overlap support and 50% Fibonacci line is before heading back up towards the resistance at 2838, where the previous swing high is. Alternative scenario: Price may head back down towards the support level at 2565, which is the overlap support. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2838 Pivot: 2660 Support: 2565 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to retest the pivot at 2660 where the overlap support and 50% Fibonacci line is before heading back up towards the resistance at 2838, where the previous swing high is. Alternative scenario: Price may head back down towards the support level at 2565, which is the overlap support. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
#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
CC1! Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 2602, where the overlap resistance and 61.8% Fibonacci line is. Stop loss will be at 2675, where the recent high is. Take profit will be at 2507, where the recent low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ICEUS:CC1!Short
by VantageMarkets
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2564 Support: 2451 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is. Alternative scenario: Price may break the pivot at 2564, where the 23.6% Fibonacci line is before heading towards the support level at 2451, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2699 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2699, where the previous swing high is. Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Short
by Genesiv
Cocoa hit our Target $26.90 next target $30.60Target reached with Cocoa at $26.90 7>21>200 MA Still bullish Target 2 due to an even bigger Cup and Handle sets the next price to $30.60 But with peripherals, there are a few reasons for the spike in Cocoa prices. People are buying chocolates! January is typically a busy month for chocolate manufacturers as they gear up for Valentine's Day, which results in increased demand for cocoa and can lead to an increase in prices. Speculative buying: Some investors and traders may anticipate a rise in cocoa prices and begin to buy up large quantities of cocoa futures in anticipation of a price increase. This buying activity can drive prices up. Production forecasts If there are forecast of lower cocoa production and if demand is strong, prices would rise as a lack of supply will cause price to increase.
ICEUS:CC1!Long
by Timonrosso
CC1! Potential For Bullish ContinuationLooking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 2606, where the 50% Fibonacci line is. Stop loss will be at 2572, where the 61.8% Fibonacci line and recent low are. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ICEUS:CC1!Long
by VantageMarkets
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is. Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is. Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2671 Pivot: 2570 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud, indicating a bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2671, where the previous swing high is. Alternative scenario: Price may break the pivot at 2570, where the 50% Fibonacci line is before heading towards the support level at 2470, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
CC1! Potential For Bearish DropLooking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. However, I am looking to play the retracement sells. So I am looking for a immediate sell entry at 2617, to ride the bearish momentum for retracement back down to the take profit level at 2570, where the 50% Fibonacci line and support level are located. Stop loss will be at 2671, where the recent high is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
ICEUS:CC1!Short
by VantageMarkets
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2569 Pivot: 2422 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the previous swing high is. Alternative scenario: Price may break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish RiseTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Rise Type: Bullish Rise Resistance: 2569 Pivot: 2422 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to head back up towards the resistance at 2569, where the previous swing high is. Alternative scenario: Price may break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bearish DropTitle: Cocoa Futures ( CC1! ), H4 Potential for Bearish Drop Type: Bearish Drop Resistance: 2569 Pivot: 2422 Support: 2470 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to break the support at 2470, where the 61.8% Fibonacci line is before heading towards the pivot at 2422, where the 50% Fibonacci line is. Alternative scenario: Price may head back up towards the resistance at 2569, where the previous swing high is. Fundamentals: There are no major news.
ICEUS:CC1!Short
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2577 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up towards the resistance at 2577, previous high is. Alternative scenario: Price may go back down to retest the support at 2475, where the 61.8% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2542 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are. Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv
Cocoa Futures ( CC1! ), H4 Potential for Bullish ContinuationTitle: Cocoa Futures ( CC1! ), H4 Potential for Bullish Continuation Type: Bullish Continuation Resistance: 2542 Pivot: 2422 Support: 2475 Preferred case: Looking at the H4 chart, my overall bias for CC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to head back up to retest the resistance at 2542, where the 78.6% Fibonacci line and previous high are. Alternative scenario: Price may go back down to retest the support at 2475, where the 50% Fibonacci line is. Fundamentals: There are no major news.
ICEUS:CC1!Long
by Genesiv