CC surged more than 1% yesterday, extending a bounce off this week’s April low (only marginally below the March low). The length of the lower shadow of the current weekly candle suggests that the brief break below the psychologically key 2500 whole figure level was a fakeout…
Cocoa (CC) edged higher yesterday with a daily Doji, gaining for a 4th straight day. Significantly, CC appears poised to extend its 2 week bounce within what is arguably a slight upchannel (on the weekly chart)…
rally off the March low is ready for a breather. Significantly, CC has reclaimed the 38.2% Fib retrace of the December to February rally, and is ready for some healthy consolidation for next week…
Cocoa (CC) slid almost 2% yesterday, closing just above the 50% Fib retrace of the December to February rally. Significantly, with the weekly Doji forming, CC is trying to halt the correction since the 2022 peak (above the 2021 and 2020 high) 2 weeks back…
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Cocoa (CC) gained more than 1.5% yesterday, closing near the December high and decisively above the psychologically key 2500 whole figure level. Significantly, CC has arguably broken triangle resistance (on the daily chart), and has re-entered the upchannel (on the weekly chart)…
Cocoa (CC) reversed yesterday from an intraday low that briefly broke below the psychologically key 2500 whole figure level, closing above downchannel resistance (on the daily chart). Significantly, odds are now good for CC to resume an upchannel (on the weekly chart) going into Q1…
Cocoa (CC) slid almost 1% yesterday, but reversed much of the day’s early losses by its close. Significantly, any weekly close above upchannel support (on the weekly chart) will dramatically increase the odds of testing the psychologically key 2500 whole figure level and the 38.2% Fib Retrace of the October to December slide in the week after…
Cocoa (CC) rebounded a massive 4% plus yesterday, bouncing off downchannel support (on the daily chart). Significantly, although CC had broke last week below upchannel support (on the weekly chart), CC appears to be clawing back above this support…
Cocoa (CC) rallied another near 1% yesterday, forming a 4th straight green daily candle and is suddenly back to near the November high. Significantly, although CC may consolidate today yesterday’s recapture of the 38.2% Fib retrace of the September to November slide, CC is arguably extending a major upchannel (on the weekly chart)…
