Hello 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...
Hello 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.
Hello 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...
Hello everyone, It is now clear that we're in a downtrend, as the RSI always rises back up after each low. So there are several possible scenarios, but the most logical one would be a sharp fall towards the precedent lower low, as show the green and orange paths. The red path shows the low probability path which grows back up to close the gap that was not...
Our 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...
Prices 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...
Cocoa has been trading on a multi-year Channel Up since May 2017 with the 1D chart trading near the overbought territory (RSI = 70.555, MACD = 51.220, Highs/Lows = 144.4643). If the Channel stays intact then the price should pull back towards the 1D MA200 for a Higher Low near 2,365. If however it breaks as it did in March 2018 then it can easily reach 2,940...