New York Cocoa (CC) surged more than 2.5% yesterday, closing around the 2023 daily closing high after briefly breaking to a fresh intraday 2023 high. Nevertheless, CC is increasingly vulnerable to healthy profittaking as it nears once again upchannel resistance (on the weekly chart) and bumps against the daily chart upchannel resistance…
New York Cocoa (CC) edged almost 0.5% lower Friday, continuing a week long or so consolidation from a fresh 2023 high. CC is increasingly vulnerable to furthering in its healthy profittaking and sliding deeper within the upchannel (on the weekly chart) going into month end….
New York Cocoa (CC) slid nearly 1% yesterday, continuing the consolidation since Thursday’s fresh 2023 high. CC is increasingly vulnerable to furthering in its healthy profittaking and sliding deeper within the upchannel (on the weekly chart) going into month end…
New York Cocoa (CC) bounced more than 0.5% yesterday, closing just shy of Thursday’s fresh 2023 high. Nevertheless, CC remains vulnerable to furthering in its healthy profittaking and sliding deeper within the upchannel (on the weekly chart) going into month end…
New York Cocoa (CC) slid nearly 1.5% yesterday, falling a second straight day from Thursday’s fresh 2023 high. CC is vulnerable to furthering in its healthy profittaking and sliding deeper within the upchannel (on the weekly chart) ahead of the weekend. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
New York Cocoa (CC) slid more than 1% Friday after retesting Thursday’s fresh 2023 high, and is increasingly vulnerable to healthy profittaking and sliding back within the upchannel (on the weekly chart) after CC reopens from the US Juneteenth holiday long weekend. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
New York Cocoa (CC) slid more than 1% Friday after retesting Thursday’s fresh 2023 high, and is increasingly vulnerable to healthy profittaking and sliding back within the upchannel (on the weekly chart) by early week. Any recapture of its 2015 high (formed that December) will likely have to defer until at least early Q3…
New York Cocoa (CC) gained another 1% plus yesterday to a fresh 2023 high, but is increasingly vulnerable to healthy profittaking and sliding back within the upchannel (on the weekly chart) by early next week. Nevertheless, CC may have enough momentum on its current uptrend to test its 2015 high (formed that December) sometime by month end…
New York Cocoa (CC) edged higher yesterday to a fresh 2023 high, but is showing signs of exhaustion with yesterday’s daily Doji and a weekly Doji trying to form at upchannel resistance (on the weekly chart). Although CC appears to want to test its 2015 high (formed that December) sometime by Q3, CC is vulnerable in the next week or so to sliding back within its weekly chart upchannel, which would dramatically increase the odds of a deeper pullback in the week after to upchannel support (on the daily and weekly chart)…
New York Cocoa (CC) edged more than 1.5% higher yesterday, but is showing signs of exhaustion after sharply reversing lower intraday from a fresh 2023 high. Although CC appears to want to test its 2015 high (formed that December) sometime by Q3, CC is vulnerable the balance of this week to breaking the 4hr upchannel support, which would dramatically increase the odds of a deeper slide in the week after to upchannel support (on the daily and weekly chart)…
