New York Cocoa (CC) gained more than 2.5% yesterday to a fresh 2024 and record high. With the near complete weekly Hammer though just below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and CC tiring near the daily chart uptrend resistance, odds are moderately high for a reversal by next week sometime back below the psychologically key 8k whole figure level…
Tag: C_F
Cocoa Daily Mar 21, 2024
New York Cocoa (CC) bounced more than 3.5% yesterday, closing just shy of Monday’s fresh 2024 and record high. With the weekly Hammer forming, odds are moderately high for a reversal by next week back below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and the daily chart upchannel resistance…
Cocoa Daily Mar 20, 2024
New York Cocoa (CC) reversed nearly 2% yesterday after failing to recapture Monday’s fresh 2024 and record high. With yesterday’s red daily Doji and the red weekly Doji forming, odds are moderately high for a reversal by the weekend back below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and the daily chart upchannel resistance…
Cocoa Daily Mar 19, 2024
New York Cocoa (CC) gained a near 2% yesterday to another fresh 2024 and record high. However, with yesterday’s daily Doji/Hammer and the weekly Doji forming, CC will likely by next week reverse back below the weekly chart’s steeper upchannel resistance (connecting the February and March highs) and the daily chart upchannel resistance…
Cocoa Daily Mar 18, 2024
New York Cocoa (CC) surged a massive more than 8% Friday to another fresh 2024 and record high. With Friday’s burst above the weekly chart’s steeper upchannel resistance (connecting the February and March highs), and to the daily chart upchannel resistance, healthy consolidation is likely this week…
Cocoa Daily Mar 15, 2024
New York Cocoa (CC) surged more than 5% yesterday to another fresh 2024 and record high. With yesterday’s burst intraday to the weekly chart’s steeper upchannel resistance (connecting the February and March highs), and to the daily chart upchannel resistance, consolidation is likely going into next week…
Cocoa Daily Mar 14, 2024
New York Cocoa (CC) edged lower yesterday with its daily Gravestone after Tuesday’s fresh 2024 and record high. With yesterday’s hesitation just above the psychologically key 7k whole figure level at the weekly chart’s steeper upchannel resistance (connecting the February and March highs), a further short squeeze to the daily chart upchannel resistance by the weekend is unlikely…
Cocoa Daily Mar 13, 2024
New York Cocoa (CC) rebounded another near 5% yesterday to a fresh 2024 and record high. With yesterday’s close above the psychologically key 7k whole figure level, a further short squeeze to the daily chart upchannel resistance is moderately likely by the weekend…
Cocoa Daily Mar 12, 2024
New York Cocoa (CC) rebounded another 5% yesterday to a fresh 2024 and record high. Odds are suddenly elevated for a further short squeeze to the psychologically key 7k whole figure level and the daily chart upchannel resistance this week…
Cocoa Daily Mar 11, 2024
New York Cocoa (CC) edged nearly 1% lower Friday, consolidating further after Monday’s fresh 2024 and record high. With last week’s red weekly Gravestone rejected at the weekly chart’s steeper upchannel resistance (connecting the February and March highs), odds are now low for a short squeeze further to the daily chart upchannel resistance this week…