New York Cocoa (CC) reversed a massive 7% plus (on the July contract) from Monday’s fresh 2024 and record high. Bulls should be prepared for some further healthy consolidation going into the weekend with yesterday’s slide below the psychologically key 10k whole figure level…
New York Cocoa (CC) edged another near 1% higher yesterday (on the July chart) to a fresh 2024 and record high. Nevertheless, bulls should be prepared for some healthy consolidation this week with the weekly Doji trying to form likely to limit any downside this week to the psychologically key 10k whole figure level…
New York Cocoa (CC) surged a massive near 6% Friday (on the July chart) to a fresh 2024 and record high. Nevertheless, bulls should be prepared for some healthy consolidation early week with initial support at the psychologically key 10k whole figure level…
New York Cocoa (CC) formed a daily Gravestone yesterday (on the July chart) after forming a fresh 2024 and record intraday high just above the psychologically key 10k whole figure level. Nevertheless, with somewhat of a monthly Doji forming (as seen easier on a continuous monthly chart on tradingview.com), CC appears to be in the early stages of exhausting the parabolic bull market extension since February…
New York Cocoa (CC) soared more than 2% yesterday (on the July chart) to a fresh 2024 and record high. CC appears poised to test by the weekend, the psychologically key 10k whole figure level…
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…
