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CC1! trade ideas

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 ...
ICEEUR:C1!
by EmoteK
Traditional|CC1!|Long and shortLong and short CC1! Activation of the transaction only when the blue zone is fixed/broken. Working out the support and resistance levels of the consolidation zone. * Possible closing of a trade before reaching the take/stop zone. The author can close the deal for subjective reasons, this does not completely cancel the idea and is not a call to the same action, you can continue working out the idea according to your data, but without the support of the author. + ! - zone highlighted by the ellipse is a zone of increased resistance, in this area there is a possible reversal for a correction, please take this factor into account in this transaction. The "forecast" tool is used for more noticeable display of % (for the place of the usual % scale) of the price change, I do not put the date and time of the transaction, only %. The breakdown of the upper blue zone - long. Breakdown of the lower blue zone - short. Working out the stop when the price returns to the level after activation + fixing in the red zone. Blue zones - activation zones. Green zone - take zone. Red zone - stop zone. Orange arrows indicate the direction of the take. Red arrows indicate the direction of the stop. Priority - The value of the priority parameter implies the author's subjective opinion about the more likely activation zone on this idea, this does not mean that this idea will be 80% activated by this parameter, the purpose of the parameter is to provide for the risk of the inverse of the zone parameter. Example: "Priority Long: So the author inclines more in the direction of the activation zone open long trades, in this case, when reaching the activation zone in short you should be very careful, because this area may be highly likely to be punched about the breakdown/do not get to take/activate transaction from go to stop." Please consider this parameter if you use my ideas. SUM PNL: This parameter displays the total % of all closed ideas of the "new" format (according to the author) for this sector at the time of publication of the idea. The calculation is very "clumsy" just the sum of the profits of all the ideas, based on this indicator, you can more accurately assess the risks when working with my ideas of this sector. I present you the construction of the idea, you can use it yourself as you like based on your subjective view and risks, the calculation of the PNL indicator is carried out only on transactions that the author closed on TV in manual mode or by take. P.S Please use RM (risk management) and MM (money management) if you decide to use my ideas, there will always be unprofitable ideas, this will definitely happen, the goal of the system is that there will be more profitable ideas at a distance.
ICEUS:CC1!
by Henry_Ross
7
Looking for a low this month to go long for FebruaryI am keeping an eye on cocoa for a low this month as January is usually bearish seasonally whereas February is usually a good month seasonally. I am looking for an entry any where around 2270(November low) or less to go long. I would be grateful for any insights/views from others who also trade this commodity. Agricultural commodities need patience and you have to really watch the overnight fees your trading site charges because these trades normally run a couple of weeks at least so you really need to pick your trades so everything lines up both seasonally and with the entry price. I intend to cash out my long sometime in February as march is again usually bearish for cocoa.
ICEUS:CC1!Long
by SmileR2020
Weekly cocoa market review 12/21/2020.Support us by consulting our free magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COCOA Last week, ICE U.S. cocoa futures closed lower at $2,506 a ton. Cocoa prices fell sharply last week from over $2,650 to just $2,500. Even the falling dollar could not provide support for cocoa. Last week was therefore a weather-oriented market. Indeed, above-average rains combined with sunny periods in most cocoa-growing areas of Ivory Coast should improve the quality and size of beans at the end of the main harvest. Ivory Coast, the world's leading cocoa producer, is in the dry season, which runs from mid-November to March, when rains are normally light and infrequent. Producers welcomed a second consecutive week of good rains, which they say will trigger a new flowering mid-harvest from April to September and also boost the yield of the last stage of the main crop from October to March. Farmers said they expected large volumes of beans to leave the bush until the end of January. Fears of reduced demand with an ICCO report predicting a surplus in the 2020/21 crop and a crop that looks good explain last week's drop. For the 2020/21 season, the arrivals in Ivorian ports are 996K tons as of November 22, against 883K tons at the same period the previous season. Cocoa stocks are down to 2908 thousand bags of 60 Kg. The International Cocoa Organization ICCO has revised down the cocoa surplus to 19,000 tons compared to a previous forecast of 42,000 tons. The ICCO estimated world cocoa production at 4.697 million tonnes, about 27,000 tonnes less than its previous forecast. World cocoa grindings are forecast at 4,631 thousand tonnes, 4 thousand less. On the international level, the Republican leader of the Senate Mitch McConnell announced Sunday evening that an agreement of 900 billion would have been reached. The Fed said its stock purchases would continue at the current rate of $120 billion per month until substantial additional progress has been made. The brexit saga continues, with the European Parliament's Sunday night deadline for a deal passed, but negotiations will continue. No one seems to want to take responsibility for a possible failure. After Pfizer, the FDA also approved Moderna's vaccine. As far as the pandemic is concerned, the vaccination campaign has started in the United States. The new strain of coronavirus detected in Great Britain worries, it would be 70% more contagious. The global death toll is rising, we have just passed 76 million cases worldwide, with more than 1.692 million deaths. The United States is still the most affected country, with 317,000 deaths and more than 17 million cases. The Dollar fell last week, with the DXY closing lower at 89.924, hitting a 2 1/2 year low. The long-term trend is still bearish. WEATHER IN WEST AFRICA Ivory Coast and Ghana experienced above normal rainfall in October with an average rainfall of more than 150mm. They were more mixed in November. The southern parts of these 2 countries received above normal rainfall and the northern parts were 50mm below normal. Cocoa trees are more affected by rainfall than any other climatic factor. The dry season started in Ivory Coast and Ghana and lasts from mid-November to March. Producers hope that the Harmattan will not come too early this year. It is a dusty wind from the northeast of the Sahara that blows during the dry season. Harmattan can have a negative impact on crops. The wind would already be present in the northern part of the country, which explains why rainfall was already more concentrated in the coastal areas. Last week, the rains were higher than normal. ICE US CERTIFIED COCOA STOCKS Cocoa stocks are down to 2908 against 2967 thousand 60 kg bags last week. ICE US and EU cocoa stocks are above last season's stocks at the same period. THE DOLLAR The DXY index representing the Dollar against a basket of foreign currencies closed last week down to 89.924, hitting a 2 1/2 year low. The long-term trend is still bearish. The possibilities of reaching an agreement on a contingency plan to support the U.S. economy, as well as the possibility of an economic recovery, are expected to continue. Disappointing economic results weighed on the currency last week. Indeed, U.S. Retail Sales down to -0.9% and Unemployment Claims up to 885K disappointed. A low dollar is generally favorable for dollar-denominated commodity markets. COMMITMENTS OF TRADERS The weekly COT (Commitments of Traders) report of the Commodity Futures Trading Commission (CFTC) shows all the positions opened by all market participants. The COT report is published on Friday, and reflects the open positions on Tuesday of the same week. It shows the position of commercial traders (producers, commodity buyers, ...) but also non-commercial (speculators). The net positions of speculators on the futures markets are particularly interesting to observe. The speculative net position on the cocoa futures markets is up this week to 34.575 K instead of 32.379 K.
ICEUS:CC1!
by Commodity-market-review
Weekly cocoa market review 12/14/2020.Support us by consulting our free magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COCOA Last week, ICE U.S. cocoa futures closed lower at $2,622 a ton. Ivory Coast lifts suspension of sustainability programs imposed on industrialist Hershey. Indeed, the U.S. chocolate maker has committed to pay the LID, a premium introduced by Ghana and Ivory Coast to ensure a decent income for producers. This marks a break in the tensions between the two countries and the manufacturer. Cocoa prices fell to 2520 dollars per ton, before recovering over the weekend regaining 100 dollars in 2 sessions. The downward movement seems to be running out of steam between the hopes brought by the vaccine, the vaccination campaigns that will follow, and low ICE stocks. Cocoa stocks are down to 2967 thousand 60 kg bags. The International Cocoa Organization ICCO has revised the cocoa surplus downward to 19,000 tons from a previous forecast of 42,000 tons. The ICCO estimated world cocoa production at 4.697 million tonnes, about 27,000 tonnes less than its previous forecast. World cocoa grindings are forecast at 4,631 thousand tonnes, 4 thousand less. The dry period in West Africa has begun and runs from mid-November to March. Producers fear the arrival of the Harmattan. It is a dusty wind coming from the northeast of the Sahara and which blows during the dry season. The above-normal rainfall last week, however, improves the prospects for the end of the main harvest between January and March, and reassures producers in the more central parts of Ivory Coast, which had received less rain. Ivory Coast seems to have turned the page on its troubled presidential election, and it is now the turn of its neighbor and world's second largest cocoa producer Ghana. President Nana Akufo-Addo is re-elected, but the opposition rejects the results of a close ballot. Half a million votes separate the incumbent president and his opponent, John Mahama. Internationally, the ECB has increased its asset repurchase program by $500 billion, the U.S. support plan is still slow in coming, and a brexit no-deal is increasingly likely. The FDA in turn is approving the use of Pfizer's vaccine, and vaccination begins this week in the US. In terms of the pandemic update, we have just surpassed 72 million cases worldwide, with more than 1.607 million deaths. The U.S. is still the most affected country, and will approach and surpass the 300,000 mark in deaths and more than 16 million cases. The Dollar consolidated last week as the DXY closed higher at 90.976, with the long-term trend still bearish. WEATHER IN WEST AFRICA Ivory Coast and Ghana experienced above normal rainfall in October with an average rainfall of more than 150mm. They were more mixed in November. The southern parts of these 2 countries received above normal rainfall and the northern parts were 50mm below normal. Cocoa trees are more affected by rainfall than any other climatic factor. The dry season started in Ivory Coast and Ghana and lasts from mid-November to March. Producers hope that the Harmattan will not come too early this year. It is a dusty wind from the northeast of the Sahara that blows during the dry season. Harmattan can have a negative impact on crops. The wind would already be present in the northern part of the country, which explains why rainfall was already more concentrated in the coastal areas. Last week's above-normal rainfall of more than 25 mm in some areas has reassured producers. ICE US CERTIFIED COCOA STOCKS Cocoa stocks are down to 2967 from 3048 thousand 60 kg bags last week. ICE US and EU cocoa stocks are above last season's stocks at the same period. THE DOLLAR The DXY index representing the Dollar against a basket of foreign currencies closed last week up at 90.976, although the long-term trend is still bearish. The DXY consolidated last week. The ECB increased its asset repurchase program by $500 billion, and, the U.S. support plan is still lagging behind, still failing to agree on emergency aid of just over $900 billion. The dollar has also strengthened against the pound sterling, on an increasingly likely no-deal, as the disagreements seem so deep. A low dollar is generally favorable to dollar-denominated commodity markets. COMMITMENTS OF TRADERS The weekly COT (Commitments of Traders) report of the Commodity Futures Trading Commission (CFTC) shows all the positions opened by all market participants. The COT report is published on Friday, and reflects the open positions on Tuesday of the same week. It shows the position of commercial traders (producers, commodity buyers, ...) but also non-commercial (speculators). The net positions of speculators on the futures markets are particularly interesting to observe. The speculative net position on the cocoa futures markets is down this week to 32.379 K instead of 35.147 K.
ICEUS:CC1!
by Commodity-market-review
Short term long - broke out and retested downwards channel A possible long in Cocoa, after breaking from a downtrend channel (now retesting it) and finding support at the 50% fib retracement level, cocoa might yet again go higher to retest the 2700 key level or 2730 (projected height of the broken channel). Cocoa's seasonality is somewhat against higher prices at least until February-March, so beware of the short term perspective. Also, a weaker dollar is bullish for commodities like Cocoa.
ICEUS:CC1!Long
by SenorBurgales
Weekly cocoa market review 12/07/2020.Support us by consulting our free daily magazines with color stock charts and weather maps on our commodity-market-review.com website. TECHNICAL ANALYSIS OF COCOA Last week, ICE U.S. cocoa futures closed higher at $2,654 per ton. Ivory Coast lifts suspension of sustainability programs imposed on industrialist Hershey. Indeed, the U.S. chocolate maker has committed to pay the LID, a premium introduced by Ghana and Ivory Coast to ensure a decent income for producers. This marks a break in the tensions between the two countries and the manufacturer. The latter was accused last week of wanting to sabotage the LID by buying abnormally high volumes of cocoa directly on the futures market in order to avoid paying the premium. For the 2020/21 season, the arrivals in Ivorian ports are 740K tons as of November 29, against 607K tons at the same period the previous season. Cocoa stocks are down to 3048 thousand bags of 60 Kg. The dry period in West Africa has begun and runs from mid-November to March. Producers hope that the Harmattan will not come too early this year. It is a dusty wind coming from the northeast of the Sahara that blows during the dry season. Harmattan can have a negative impact on crops. Below-normal rainfall in recent weeks could reduce the prospects for the end of the main harvest between January and March. In Ivory Coast, Laurent Gbagbo would have received his passport on December 4 to be able to return to the country, a sign of appeasement sent by President Ouattara, certainly wanting to turn the page on the recent violence caused by the Ivory Coast presidential election. Internationally, last week was marked by the sharp fall of the dollar. The DXY, after breaking the resistance of the 92, is heading towards the 90, and the Euro approached $1.22 after disappointing U.S. employment figures. Hopes for a vaccine, the FED reaffirming that the priority remains to support the economy, and the joint Democratic and Republican proposal for a $908 billion emergency plan are driving equity markets. Curiously, commodities as a whole did not benefit from the dollar's decline. Discussions between the British and the Europeans continue as the December 31 deadline approaches in the hope of reaching a post-brexit trade agreement. Regarding the pandemic update, we have just passed the 67 million cases worldwide, with more than 1.537 million deaths. The United States continues to be the most affected country with more than 282,000 deaths and more than 14.7 million cases. Italy passes the 60,000 death mark, and the United States is facing a spectacular rebound of the epidemic with more than 230,000 cases Saturday, in 24 hours. The United Kingdom, the first country to license Pfizer vaccine, begins vaccination Tuesday. WEATHER IN WEST AFRICA Ivory Coast and Ghana experienced above normal rainfall in October with an average rainfall of more than 150mm. They were more mixed in November. The southern parts of these 2 countries received above normal rainfall and the northern parts were 50mm below normal. Cocoa trees are more affected by rainfall than any other climatic factor. The dry season started in Ivory Coast and Ghana and lasts from mid-November to March. Producers hope that the Harmattan will not come too early this year. It is a dusty wind from the northeast of the Sahara that blows during the dry season. Harmattan can have a negative impact on crops. The wind would already be present in the northern part of the country, which explains why rainfall was already more concentrated in the coastal areas. Last week the rains were lower than normal in Ivory Coast and Ghana. ICE US CERTIFIED COCOA STOCKS Cocoa stocks are down to 3048 against 3111 thousand 60 kg bags last week. ICE US and EU cocoa stocks are above last season's stocks at the same period. THE DOLLAR The DXY index representing the Dollar against a range of foreign currencies closed last week down to 90.701, and the trend is still bearish. The DXY after breaking the 92 resistance, plunged last week and is on its way to the 90. The Euro rose as high as 1.2175 on Friday after very disappointing U.S. employment figures. As a backdrop, Powell said the priority remains to support the economy, and Democrats and Republicans are working together on a $908 billion emergency support proposal as a first step. For later, once the Joe biden administration is in place, work for a more substantial plan. Forex traders are anticipating an increase in the money supply. A low dollar is generally good for dollar-denominated commodity markets. COMMITMENTS OF TRADERS The weekly COT (Commitments of Traders) report of the Commodity Futures Trading Commission (CFTC) shows all the positions opened by all market participants. The COT report is published on Friday, and reflects the open positions on Tuesday of the same week. It shows the position of commercial traders (producers, commodity buyers, ...) but also non-commercial (speculators). The net positions of speculators on the futures markets are particularly interesting to observe. The speculative net position on the cocoa futures markets is up this week to 35.147 K instead of 34.465 K.
ICEUS:CC1!
by Commodity-market-review