Cocao Feb17Long term looks very bearish
- Supportive trend line (green) from started in 2002... broke down last year
- H&S pattern set up
- H&S neckline touched up but 1870 not taken out yet
Looking at potential pull back to broken trend line (green), up into 3000
Cocoa
CC1! @ daily @ nearest commodity (of 32) to ATL still not a buyThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close (32 Commodities)
drive.google.com
Best regards :)
Aaron
CC1! @ daily @ nearest (of 32 commodities) to it`s alltime lowsThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (32 Commodities)
drive.google.com
Best regards :)
Aaron
CC1! @ daily @ worst Commodity (-33%) 2016, closed yearly lowTake care
& analyzed it again
- it`s always your decision ...
(for a bigger picture zoom the chart)
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
44 COMMODITIES (2016 Yearly Performance) from Chicago, New York & London @ drive.google.com
Best regards
Aaron
Cocoa Nov'16 - 3000 before 2300?Heading into long term support (green).
Model predicts a rally up into 3,000 before we sink and take out long term support.
Cocoa toppingSeems cocoa is finding a way lower. On the monthly I see too much pressure building. Path of least resistance is likely to the downside at this point. I prefer to get in a bit early than wait for the pennant to break to the downside (if it does).
CC1! - COCOA POSSIBLE BREAKOUT WITH HIGHER HIGHSCOCOA is in a corrective phase on weekly chart. I'm expecting one more wave down to previous lows or near the rising trendline before a strong wave up. Good possibilities to make higher highs. A strong breakout on rising trendline invalidates this setup.
Cocoa - Umpalumpa Upside?Looking for a dip on the daily to get long.
- The last 2.5 years have set up a bullish trend line that we bounced off at the start of this year
- A drop down near to 2800 levels would off fantastic risk reward opportunity
