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US Cocoa (CC)US Cocoa (CC)US Cocoa (CC)

US Cocoa (CC)

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USCOCOA trade ideas

MY COCOA LONG IDEA 01/11/2024*Did not enter this trade yet* Direction: Long SL: 7425.4 Indicators: 1. MA (20,50,100,200) 2. Trendline - Algo 3. Support and Resistance 4. I also use MT5 - Tradingcentral tools 5. Fib Time Frame: 4h (I also use other time frames mainly 1D because I like to trade for long period of time) Technical: 1. MA 20 (Yellow) is very bearish and below the MA 100 and 200 (Purple and Red) but I expect a reversal in this pattern. 2. Red trendline was broken previously so I'm looking for a breakthrough the green trendline. 3. Price respected the Support zone and is rising towards the fib level at 8216.2. 5. Tradingcentral tool signaling RISE on all time frames signifying a very bullish Price action. Fundamental and economic: 1. COCOA is a very tricky commodity but we can simplify this by looking at the COT data where they were short about 1-2 weeks ago making a short-term bearish setups and I think we are past that phase because in the long run COT is bullish on COCOA. 2. Q4 historically is bullish for this pair according to the seasonal indicator by Tradingview. 3. US Elections, Halloween, Winter season, and Christmas is an influence in the Demand of Cocoa.
VANTAGE:COCOALong
by stingotho
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.
PEPPERSTONE:COCOAShort
by edl75
2
COCOA SHORT 09/08Hello 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 closed yesterday, but it is highly unlikely. We advise you to sell as soon as it opens but try to place a tight SL somewhere not too high because again, the change of a trend with cocoa can get very ugly very quick. Hope it helps.
PEPPERSTONE:COCOAShort
by edl75
COCOA LONG THEN SHORT 08/08Hello everyone, It seems like we might have reached the end of the uptrend, considering external factors and technicals such as a growing RSI on the high scales indicating a change of direction very soon. However, it seems that there will be a gap or a downfall at first as usual, then a moderate uptrend which will start to collapse around 16/17h, when the liquidity it at its prime. We advise you to not open any position past this time because the end of a trend with Cocoa can get very ugly things. Hope to help you tomorrow with this, may the Lord be with us.
PEPPERSTONE:COCOALong
by edl75
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 !
PEPPERSTONE:COCOALong
by edl75
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.
PEPPERSTONE:COCOALong
by edl75
Cocoa Short Had an eye on this one for a while and there've been a few points I thought we might be making a high in this but so far taken no action on it (Which has proven wise). Now we have a strong confluence of sell signals, though. We have the potential AB=CD topping patterns and this comes in at the 1.61 head fake level. See strategy info here: 1.61 head fake is an optimal spot to short what may be the end of a parabolic trend. It's not a sure fire signal (By any means) but it allows for the defining of a small zone in which to make high RR bets. Taking a short in this area now.
PEPPERSTONE:COCOAShort
by holeyprofit
10
Ivory Coast Expects Cocoa Rebound Next Season on Better Weather Country expects to harvest 2 million tons in 2024-25 crop year Futures prices have dipped on improved cocoa crop outlook Ivory Coast’s cocoa output is expected to rebound next season — helping ease a global supply squeeze that pushed prices past records — as the world’s top grower banks on better weather. The West African producer is likely to harvest 2 million tons of the chocolate-making ingredient in the 2024-25 crop year that starts Oct. 1, according to people familiar with the matter, who cited early pod counting. The outlook for the upcoming year compares with the 1.8 million tons the International Cocoa Organization estimates the country will harvest by the end of the current season in September. Ivory Coast’s output averaged 2.2 million tons in the five years before 2023-24. The country has already sold 800,000 tons of the 2024-25 harvest on the forward market, the people said, asking not to be named because they were not authorized to discuss the matter. However, they added forward sales have since been paused by the industry regulator Le Conseil Cafe-Cacao. The CCC plans a combination of forward and spot sales in the future, as part of a marketing reform. A mix of bad weather, disease, and aging trees in top growers Ivory Coast and Ghana drove this season’s slump and saw New York cocoa futures soar past $11,000 a ton earlier this year. Prices have since eased on optimism about improving weather conditions in West Africa. Ghana is also expecting a better crop next season. Ivory Coast is also cracking down on the smuggling of cocoa beans to neighboring countries which will help boost supplies, said the people. An estimated 200,000 tons of beans were smuggled this season, they added. A spokesperson for the CCC declined to comment when contacted by phone on Friday.
PEPPERSTONE:COCOA
by Elite_Forex