New York Cocoa (CC) rebounded another 5% yesterday to a fresh 2024 and record high. Odds are suddenly elevated for a further short squeeze to the psychologically key 7k whole figure level and the daily chart upchannel resistance this week…
New York Cocoa (CC) edged nearly 1% lower Friday, consolidating further after Monday’s fresh 2024 and record high. With last week’s red weekly Gravestone rejected at the weekly chart’s steeper upchannel resistance (connecting the February and March highs), odds are now low for a short squeeze further to the daily chart upchannel resistance this week…
New York Cocoa (CC) edged nearly 1.5% lower yesterday, consolidating further after Monday’s fresh 2024 and record high. With a red weekly Gravestone forming, odds are now low for a short squeeze further to the daily chart upchannel resistance by mid month…
New York Cocoa (CC) slid 2% plus yesterday after Monday’s fresh 2024 and record high. With the red weekly Gravestone forming, CC no longer appears likely to short squeeze further to the daily chart upchannel resistance by the weekend…
New York Cocoa (CC) gained another 4% plus yesterday to a fresh 2024 and record high. Odds are now decent for a short squeeze to continue further to the daily chart upchannel resistance by the weekend…
New York Cocoa (CC) gained another 1.5% plus yesterday back to just shy of Monday’s fresh 2024 and record high. Nevertheless, with a weekly Doji forming, CC no longer appears likely to short squeeze further to the daily chart upchannel resistance by the weekend…
New York Cocoa (CC) gained another 4.5% plus Friday, but remains vulnerable to resuming the reversal this week from last Monday’s fresh 2024 and record high. Depending on whether CC slides lower this week, last week’s weekly Doji may provide a second data point of a weekly chart upchannel resistance line…
New York Cocoa (CC) edged nearly 1% higher yesterday, but remains vulnerable to extending the reversal next week from Monday’s fresh 2024 and record high. With CC sliding back into the weekly chart upchannel after briefly this past week surging above its resistance, bulls are best prepared for the elevated probability of a deeper pullback by mid March to last week’s low…
New York Cocoa (CC) slid more than 7% yesterday extending the reversal from Monday’s fresh 2024 and record high. With CC sliding back into the weekly chart upchannel after briefly this past week surging above its resistance, bulls are best prepared for the elevated probability of a deeper pullback by mid March to last week’s low…
New York Cocoa (CC) slid more than 1.5% yesterday after Monday’s fresh 2024 and record high. Although CC may very well squeeze higher in the next few days, bulls are best prepared for the elevated probability of a deeper pullback by next week sometime to the psychologically key 6k whole figure level…
