New York Cocoa (CC) edged higher yesterday to just shy of last Monday’s fresh 2024 and record high. Although a weekly Doji is beginning to form following last week’s weekly Doji, bears should not rule out a further short squeeze by next week sometime to the psychologically key 10k whole figure level…
New York Cocoa (CC) formed a red daily Hammer yesterday and appears vulnerable this week to resuming the healthy profittaking from last Monday’s fresh 2024 and record high. Although a red weekly Gravestone is beginning to form following last week’s weekly Doji, bears should not rule out a further short squeeze this week to the psychologically key 10k whole figure level…
New York Cocoa (CC) bounced more than 3.5% Friday but remains vulnerable this week to resuming the healthy profittaking from Monday’s fresh 2024 and record high. With last week’s weekly Doji to start Q2, any breaking of uptrend support (on the 4hr chart) would likely coincide with rejection this week at the psychologically key 10k whole figure level…
New York Cocoa (CC) edged more than 0.5% lower yesterday on healthy profittaking, further reversing after Monday’s fresh 2024 and record high. With CC near completion on the first red weekly candle in 4 weeks to start Q2, CC is vulnerable to a deepening consolidation next week particularly with what appears to be an imminent breaking of uptrend support (on the 4hr chart) and the rejection this week at the psychologically key 10k whole figure level…
New York Cocoa (CC) slid more than 4% yesterday on healthy profittaking, further reversing after Monday’s fresh 2024 and record high. With CC forming its first red weekly candle in 4 weeks to start Q2, CC is vulnerable to a deepening consolidation particularly with what appears to be an imminent breaking of uptrend support (on the 4hr chart) and the rejection this week at the psychologically key 10k whole figure level…
New York Cocoa (CC) slid more than 1.5% yesterday on healthy profittaking after Monday’s fresh 2024 and record high. With CC struggling to form its 4th straight green weekly candle to start Q2, CC is vulnerable to healthy consolidation the balance of this week after bumping against the daily chart uptrend resistance…
New York Cocoa (CC) surged more than 3.5% higher yesterday to a fresh 2024 and record high. Although CC is trying to form its 4th straight green weekly candle to start Q2, CC is vulnerable to healthy consolidation this week as it bumps against the daily chart uptrend resistance and upchannel resistance (on the 4hr chart)…
New York Cocoa (CC) edged lower Thursday ahead of the Good Friday long weekend and end of Q1. Thursday’s red Doji just below Tuesday’s fresh 2024 and record intraday high around the psychologically key 10k whole figure level suggests that Tuesday’s intraday reversal can be expected to resume in the few days following Easter Monday with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
New York Cocoa (CC) surged another 2% plus yesterday closing just below Tuesday’s fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Tuesday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
New York Cocoa (CC) formed its first red daily candle in 5 days yesterday seeing some healthy profittaking after edging to a fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Yesterday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
