Cocoa Daily Dec 8, 2023

New York Cocoa (CC) rebounded more than 1.5% higher yesterday, but remains vulnerable to deepening in its consolidation going into Xmas after forming last Thursday a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). CC was rejected last week at upchannel resistance (on the weekly chart) and is ready for a healthy correction on the strong Bull Market extension from the September/October low…

Cocoa Daily Dec 7, 2023

New York Cocoa (CC) edged almost 0..5% higher yesterday, but remains vulnerable to deepening in its consolidation going into mid month after forming Thursday a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). CC has been rejected at upchannel resistance (on the weekly chart) and is ready for a strong correction on the strong Bull Market extension from the September/October low…

Cocoa Daily Dec 6, 2023

New York Cocoa (CC) slid more than 1.5% yesterday, deepening in its consolidation after forming Thursday a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). CC is vulnerable going into mid December to further healthy profittaking after the strong Bull Market extension from the September/October low…

Cocoa Daily Dec 5, 2023

New York Cocoa (CC) slid more than 0.5% yesterday, deepening in its consolidation after forming Thursday a fresh 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). CC is vulnerable going into mid December to further healthy profittaking after the strong Bull Market extension from the September/October low…

Cocoa Daily Nov 28, 2023

New York Cocoa (CC) edged 1% higher yesterday but remains vulnerable this week to healthy profittaking after the strong Bull Market extension from the September/October low to last week’s 2023 and record high (as can be seen easier on a monthly chart on tradingview.com). With how CC is overbought on the monthly chart, and CC near weekly chart upchannel resistance, odds remains elevated for a break this week to below the psychologically key 4k whole figure level…

Cocoa Daily Nov 27, 2023

New York Cocoa (CC) edged higher Friday but remains vulnerable this week to healthy profittaking after the strong Bull Market extension from the September/October low to last week’s 2023 and record intraday high (as can be seen easier on a monthly chart on tradingview.com). With how CC is overbought on the monthly chart, CC is likely to break this week to below the psychologically key 4k whole figure level…