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…
New York Cocoa (CC) surged more than 3.5% higher yesterday to a fresh 2024 and record high. Although CC is trying to form its 4th straight green weekly candle to start Q2, CC is vulnerable to healthy consolidation this week as it bumps against the daily chart uptrend resistance and upchannel resistance (on the 4hr chart)…
New York Cocoa (CC) edged lower Thursday ahead of the Good Friday long weekend and end of Q1. Thursday’s red Doji just below Tuesday’s fresh 2024 and record intraday high around the psychologically key 10k whole figure level suggests that Tuesday’s intraday reversal can be expected to resume in the few days following Easter Monday with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
New York Cocoa (CC) surged another 2% plus yesterday closing just below Tuesday’s fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Tuesday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
New York Cocoa (CC) formed its first red daily candle in 5 days yesterday seeing some healthy profittaking after edging to a fresh 2024 and record intraday high around the psychologically key 10k whole figure level. Yesterday’s intraday reversal can be expected to strengthen in the few days following the US Easter holiday long weekend with CC consolidating currently near the daily chart uptrend resistance and upchannel resistance (on the weekly chart)…
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…
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…
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…
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…
