New York Cocoa (CC) surged more than 0.5% yesterday to a fresh 2023 high above the 2015 high (formed that December as can be seen easier on a monthly chart on tradingview.com). CC is once again testing the upchannel resistance (on the weekly chart) and will likely want to catch a breather going into August before it tries launching from the 2015 high to the record high (formed March 2011)…
New York Cocoa (CC) surged nearly 1.5% yesterday to a fresh 2023 intraday high, retesting the 2015 high (formed that December as can be seen easier on a monthly chart on tradingview.com). CC is suddenly extending the upchannel (on the weekly chart) but will likely want to catch a breather for the next month or so before it tries launching from the 2015 high (which it closed at yesterday) to the record high (formed March 2011)…
New York Cocoa (CC) edged higher yesterday with a daily Hammer just below the 2023 high. Any break above downchannel resistance (on the 4hr chart) will likely be followed within the day after by a fresh 2023 high and an extension of the upchannel (on the weekly chart)…
New York Cocoa (CC) bounced more than 2.5% Friday off upchannel support (on the daily chart). Nevertheless, CC remains at moderate risk to reverse once again lower this week on healthy profittaking from the fresh 2023 high formed 2 weeks ago, particularly after getting rejected at upchannel resistance (on the daily and weekly chart)…
New York Cocoa (CC) slid more than 2% yesterday, closing just above upchannel support (on the daily chart). CC is primed to further reverse going into next week on healthy profittaking from the fresh 2023 high formed last week, particularly after getting rejected at upchannel resistance (on the daily and weekly chart)…
New York Cocoa (CC) formed a daily Hammer yesterday, remaining just a day or so’s volatility from recapturing last Tuesday’s fresh 2023 high. With CC’s weekly candle body green and lengthening, CC may overshoot to the upside going into next week and retest upchannel resistance (on the daily and weekly chart)…
New York Cocoa (CC) edged lower yesterday with its daily Gravestone suggesting an inability this week to recapture last Tuesday’s fresh 2023 high. With CC having been rejected last week at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week…
New York Cocoa (CC) edged higher yesterday but remains vulnerable to resuming its reversal today from Tuesday’s fresh 2023 high. With CC having been rejected last week at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week…
New York Cocoa (CC) edged lower Friday as its reversal from Tuesday’s fresh 2023 high appears ready to gain momentum. With CC having been rejected at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking this week….
New York Cocoa (CC) slid more than 1.5% yesterday as it begins reversing from Tuesday’s fresh 2023 high. With CC having been rejected at upchannel resistance (on the daily and weekly chart), odds are rising for further healthy profittaking going into next week…
