Chocolate Lovers Should Brace for a Possible Price IncreaseThe cocoa market is currently indicating a strong possibility of a price surge. A significant bullish breakout from the weekly pennant pattern in cocoa could attract speculators to place large bets, potentially driving the asset's price higher in continuation of the ongoing multi-year bull rally.
If you're a chocolate lover, now might be a good time to stock up before prices become too expensive!
Cocoa_trade
COCOA LONG 16/08/24Hello everyone,
We seem to struggle a little to get our higher high back, but an uptrend has been identified as you can see with RSI and the blue semi circle, so everything is going according to plan with a little more time than we thought.
IMPORTANT NOTE : at 15/16/17h tomorrow, there is a very strong risk of a brutal drawdown like the one we saw today, be very careful because it is almost sure at 17h, risky at 15 and 16h.
COCOA FULL LONG 15/08/24Hello everyone,
Tomorrow is finally our day. Between technicals, news and a low RSI compared to the previous low, every single condition is perfect for COCOA to break the roof.
Trust us, buy when it opens, wait for the end of the day, it will somehow go up, we drew a few routes to try and show you how to expect it, but no matter what happens, do not sell, stay long.
COCA SHORT 11/08/24Hello everyone,
Hope you got to spend a nice weekend, let's get back to work.
First of all the RSI is getting dangerously high, meaning a very likely fall in the few days.
Further than the technicals, there's concrete evidence among our expertise information supplier that tomorrow is going to be a spectacular drawdown.
We drew a red line in order to show you the point where you should put your SL, but it is obvious that tomorrow is the vengeance of our failure of Friday (which we are really sorry for btw)
Tomorrow is all in short, see you after for a debrief.
COCOA LONG WEDNESDAY 07/08Hello everyone,
Today is a little bit special because we've incorporated our mistakes and taken some advance by adding more downforce to our patterns.
First of all, we predict a big down gap at the beginning, because of night time factors.
Then, it might keep going down for a while, but it will eventually come back up, first to close the gap and then because our study shows it is almost sure, even more than today and yesterday.
Our advice is to buy when the gap appears, try not to be too quick, let the price fall if it wants to, but as soon as it goes back up, buy.
Hope to help you all !
COCOA LONG TUESDAY 06/08It seems that the price could go up to 8500/600 before the closure tomorrow night. The turnover is starting to be clear, showing a high target at least around 8400 before tomorrow night.
Our advice is to buy maximum 1 hour after the opening, there will be a very little drawdown because of the last position of the price. But as soon as you see the price turn up, don't hesitate and go long.
Updates will follow if changes occur, thanks for your trust.
COCOA LONG MONDAY 05/08Our team of experts posts our first official forecast for our most well known asset, COCOA, with a good start because it seems that it is fully going up.
Because of technicals, weather and cocoa data analysis, even though the small red area at the top might reject the price if it gets too high, it seems that it could go up to 8500/600 before the closure tomorrow night.
We drew the green semi circle to show you the global movement towards the next days, even though Cocoa stays really volatile.
Our advice is to buy at the opening, there might be a very little drawdown but for the 15 first minutes maximum, so buy as soon as it opens until 17/18 without any risks.
Cocoa - SHORT; SELL it here!This is very much in the same boat as Coffee - out of season, increasingly negative fundamentals, etc.. (Now, even cocoa brokers are entertaining each other tall tales, trying to pass the time and in an attempt to reinvigorate the business. Yeah, how could that not work?! ... ;-)
A resumption of a U NYSE:D rally, at any point, will put a further lid on this one - much like on coffee.
Looking down from here, there is a looong way to go, enough to catch vertigo. This has also been wicking here, something fierce, for some days now!
LONDON Cocoa Future C1! - Short Term AnalysisPrices have been in a squeeze for a very long time ...
The last days of this scramble will be like the middle of June. Prices will probably decide which way to go by this date, Up or down?
In this sense; It is worth watching the 1840-1890 band for prices that are supported by the 50-day exponential average. However, we would expect prices to hold on to 1690 and then 1650 in a repeat selling pressure.
It contains only personal views and opinions. Does not contain legal investment advice ...
COCOA TO GO 'LONG' for the futureQuick chart for my followers, cocoa to go long, if you have been following my other publishes then you would understand my chart without yellow full details, there may be further downtrend on the bottom yellow line but overall cocoa is on the uptrend as it has hit top yellow line.
Top yellow line at 2051
Bottom yellow line at 1800
Please study your indicators understand some, as they would help you determine a suitable entry point. use lower timeframe views such, Weekly and Daily view for a suitable entry point to go uptrend.
Also, do set stop losses but be generous with how much room you allow for this due to candle wicks and there is also the possibility to hedge yourself, for more confident traders.
All comments and questions welcome, if curious about indicators I use then feel free to inquire.
COCOA Short TargetI believe that Cocoa has around a 1920 short target as a price index. The Cocoa market is an exchange grade premium product with chocolate supplies running out. The demand of it as a commodity is starting to slowly be positive again. However, the HODL would be short in my opinion. This as an index, is a really risky pair in terms of overall correlations. The likelihood statistically for the past 5 years, and even the past year was negative or an overall loss on investment. The potential of a breakout or the 1920 short target is because of trading averages and the slightly positive correlations the past few weeks.
CC1! @ daily @ nearest (of 32 commodities) to it`s alltime lowsThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (32 Commodities)
drive.google.com
Best regards :)
Aaron