New York Cocoa (CC) edged more than 1% higher yesterday, closing around upchannel support (on the weekly chart). Despite decent odds for another day or so of short covering, CC appears poised for deeper profittaking next week sometime after closing yesterday for a second straight day below the psychologically key 3500 key whole figure level…
New York Cocoa (CC) slid almost 2.5% yesterday, closing below upchannel support (on the daily and weekly chart). Despite decent odds for a day or so of short covering, CC appears poised for deeper profittaking by early October after closing yesterday decisively below the psychologically key 3500 key whole figure level…
New York Cocoa (CC) formed a daily Doji yesterday, closing at upchannel support (on the daily and weekly chart). Despite decent odds for a day or so of short covering, CC appears poised for deeper profittaking by early next week after closing yesterday below the psychologically key 3500 key whole figure level…
New York Cocoa (CC) slid almost 2.5% yesterday, closing at upchannel support (on the daily and weekly chart). Despite decent odds for a day or so of short covering, CC appears poised for deeper profittaking by late week after breaking yesterday below the psychologically key 3500 key whole figure level…
New York Cocoa (CC) formed a red daily Gravestone Friday, and appears poised for more healthy profittaking this week after getting rejected two Fridays ago at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…
New York Cocoa (CC) formed a green daily Hammer/Doji yesterday, but remains poised for more healthy profittaking next week after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…
New York Cocoa (CC) slid nearly 2% yesterday, and remains poised for more healthy profittaking ahead of the weekend after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…
New York Cocoa (CC) formed a daily Gravestone yesterday, appearing poised for more healthy profittaking ahead of the weekend after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC appears like it’ll need to consolidate further going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…
New York Cocoa (CC) sharply reversed more than 3.5% yesterday after closing Friday at a fresh 2023 high near upchannel resistance (on the weekly chart). CC increasingly appears like it’ll need to consolidate going into month end before it makes another attempt at retesting its record high (as can be seen easier on a monthly chart on tradingview.com)…
New York Cocoa (CC) formed a daily Hammer Friday, closing at a fresh 2023 high. CC is extending its upchannel (on the weekly chart) and appears likely to test upchannel resistance and make a fresh record high (as can be seen easier on a monthly chart on tradingview.com) by early week…
