C1! trade ideas
$CC_F COCOA weekly rejects 200MA, 50MA, 13MACocoa has been up since March, and this week it tried to break out of three MAs(13, 50, 200) and failed.
In the ST, it is not bullish.
But when you look at the COT positions, Money Managers are net short(long 42%, short 58%).
This is constructive.
It could retest Lower TL again, or go straight up.
$CC_F COCOA is basingICEUS:CC1!
AMEX:NIB
Cocoa is now trying to break 200MA and three moving averages(13MA, 50MA, 200MA) will soon turn upward.
As always Cocoa tends to be choppy below resistance. But once it broke out, Cocoa tends to move a good +20%.
Bulls on the wayHey, It's just my idea that it can go up to break uptrend, but also we have to follow spot gold to be sure that we will see bulls position.
Share your opinion and ideas if you like it or no.
COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)-The market is in a critical position. a front of a very important support
of (2412)
-For now there is a big probablity that the market
can return tested (2374)
-But if ever it break the resistance with power
the market will go to (2465)
Buy Cocoa dailyHello, the COCOA made an attempt but was pushed back then the resistance to broken with the force and the volume.
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Long term bullish pattern on COCOAWe can see on the COCOA daily chart a bullish pattern called "Cup and Handle", when this pattern is break up (with a big green candle and a big volume) there is a good long signal with an interesting RR ratio.
I will keep an eye on this chart !
CACAO - Attention une accélération puissance en 2 niveauxAttention Attention, aujourd’hui et le prochain jour, il ne faut pas vendre le Cacao, on dirige certainement vers 2438 USD voir plus.
CC - Warning a power acceleration in 2 levelsAttention an acceleration power in 2 levels, Attention today and next day, do not sell the Cocoa, it is certainly heading to 2438 USD see more.
BUY COCOA FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) BUY COCOA FUTURES take profit 2403 and stop lose 2201
Buy the cocoa or keeple cacao presente un véritable potentiel haussier donc nous le conseillons vivement a l'achat
COCOA FUTURESEnter on the retest of the trendline on bearish price action.Chart illustrates this well.
Cocoa will go upCocoa will go up.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Cocoa Daily Chart. Cocoa testing rising wedge support (1). Further upside is possible for the short to medium term. However, it’s worth noting that ‘Smart Money Hedgers’ have established a multi-year short position on ‘Cocoa’ according to last week's COT report. And so a turn in direction could well be on the cards! A break below wedge support at (1) could be the first clue, a break below horizontal support at (2) would be where you could try a ‘short’ with a first target at 2588/93.
COCOA FUTURES (CC1!) WeeklyDates in the future with the highest probability for price direction reversals
