Cocoa Daily Apr 12, 2024

New York Cocoa (CC) formed a daily Gravestone yesterday (on the July chart) after forming a fresh 2024 and record intraday high just above the psychologically key 10k whole figure level. Nevertheless, with somewhat of a monthly Doji forming (as seen easier on a continuous monthly chart on tradingview.com), CC appears to be in the early stages of exhausting the parabolic bull market extension since February…

Cocoa Daily Apr 3, 2024

New York Cocoa (CC) slid more than 1.5% yesterday on healthy profittaking after Monday’s fresh 2024 and record high. With CC struggling to form its 4th straight green weekly candle to start Q2, CC is vulnerable to healthy consolidation the balance of this week after bumping against the daily chart uptrend resistance…

Cocoa Daily Mar 26, 2024

New York Cocoa (CC) surged another near 8% to a fresh 2024 and record high. With CC having extended to above the daily chart uptrend resistance and to what is arguably upchannel resistance (on the weekly chart), odds are moderately high for a reversal following the Good Friday/Easter long weekend to back below the psychologically key 8k whole figure level…