After a strong downward pressure, there is a matured correction movement in a rising green channel. This moving from 20th of May is absolutely complete and correction type. So I forecast that the next movement will be down, the channel will be broken down, and cocoa could reach 2000.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.