New York Cocoa (CC) surged a massive 4% plus (on the May contract) yesterday to a fresh 2024 and record high. Any weekly close above the psychologically key 6k whole figure level will dramatically increase the odds for a further short squeeze to upchannel resistance (on the daily chart) in the week after…
New York Cocoa (CC) rebounded a massive 5% plus (on the May contract) yesterday following Monday’s US Presidents’ Day holiday. Nevertheless, any failure this week to recapture February’s fresh 2024 and record high will likely form a second data point on the upchannel resistance (on the weekly chart)…
New York Cocoa (CC) slid a massive 4.5% plus (on the May contract) Friday ahead of yesterday’s US Presidents’ Day holiday on healthy profittaking, forming the 1st red weekly candle in 7 weeks. With last week’s inability to recapture the prior week’s fresh 2024 and record high, CC’s major high appears to be in for the year…
New York Cocoa (CC) slid a massive 4.5% plus (on the May contract) Friday ahead of yesterday’s US Presidents’ Day holiday on healthy profittaking, forming the 1st red weekly candle in 7 weeks. With last week’s inability to recapture the prior week’s fresh 2024 and record high, CC’s major high appears to be in for the year…
New York Cocoa (CC) formed another daily Doji yesterday, and is struggling to form a 7th straight green weekly candle with its weekly Doji just shy of last Friday’s fresh 2024 and record high. Any sudden break below the 4hr chart upchannel support would dramatically increase the likelihood of a sharper reversal to around the psychologically key 5k whole figure level in the week after…
New York Cocoa (CC) edged lower yesterday, with its red daily Hammer closing just shy of Friday’s fresh 2024 and record high. Any sudden break below the 4hr chart upchannel support would dramatically increase the likelihood of a sharper reversal to around the psychologically key 5k whole figure level in the week after…
New York Cocoa (CC) gained more than 2% yesterday, closing just shy of Friday’s fresh 2024 and record high. Any sudden break below the 4hr chart upchannel support would dramatically increase the likelihood of a sharper reversal to around the psychologically key 5k whole figure level in the week after…
New York Cocoa (CC) edged lower yesterday with its 2nd straight daily Doji or Hammer, hesitating after reaching at one point Friday to a fresh 2024 and record high. CC appears moderately and increasingly vulnerable to a sharp reversal to around the psychologically key 5k whole figure level this week sometime after its first lower daily close in 12 days…
New York Cocoa (CC) edged more than 1% higher Friday with its daily Hammer reaching at one point to a fresh 2024 and record high just above the psychologically key 6k whole figure level. CC appears increasingly vulnerable to a sharp reversal this week sometime after 11 straight higher daily closes…
New York Cocoa (CC) surged more than 3.5% higher yesterday to a fresh 2024 and record high, but appears increasingly vulnerable to a sharp reversal by next week sometime after 9 straight green daily candles. Any sudden pullback should find initial support around the psychologically key 5k whole figure level…
