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US Cocoa (CCN6)

Real-time derived
Symbol
Exchange
Currency
CC·Derived·USD
CCc1·ICE·USD
CCc2·ICE·USD
CCc3·ICE·USD
CCc4·ICE·USD
CCc5·ICE·USD
Currency in USD
3,576.00
-70.00(-1.92%)
Closed·

US Cocoa Futures Discussions

I see 3,500 as a key resistance level, if price breaks and sustains above, maybe that’s a positive signal
today just closing gap
price will go to 3700 at least with improved grinding figures
when will this stop
🍒 candle atleast 3200
the price is now in a rising broadening wedge. A rising broadening wedge is a volatile technical chart pattern, often signaling a bearish reversal, creates increased panic driven volatility, typically breaking down in 79% of cases. This link shows two different alternative outcomes but with the same end result. https://invst.ly/1gq3cj
Do you know how long it will take to reach the bottom around 2850? Days, weeks, months? :)
it depends on whether the wedge is extended or not, if not it will happen quickly as volatility often increases during such patterns so when the downside happens it will be ugly and fast
BIGEST LONG IN MY HISTORY TP 8-10k
We have no technical reversal signs on the larger time frame yet and a double bottom is a must for a strong comeback. That said, the price could go higher but this is an area of ​​very strong resistance. I suspect the Hormuz strait will reopen but the conflict will resume later and the Gulf of Andes could be closed by Iran which would prevent a single bean from reaching Europe and we could see huge prices this summer if this happens
there is no double bottom on 4H and above, price need to hit 2850 for a good setup. Otherwise it's pure gambling.
I don't understand Investing.com. They blocked a message I tried to post yesterday, they blocked the same message today, but then suddenly they let me post the same message three times. What a garbage app.
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can we see today correction to 3500 that's the question
Big short squeeze today and probably to continue tomorrow and all week. My target is now 4000 to 5000. Volumes very high both yesterday and today meaning a lot of new positions being open. The market probably knows that the demand figures and not so bad and the price will move up fast in the next contracts.
Fingers crossed, 🤞good luck to all
I am planning to buy a new house now
First there was a scramble to loot. Then everyone scattered, leaving some people on the mountaintop enjoying the cool breeze.
I have closed my positions and will sit quietly in the boat and wait.
Think its too soon to close...still lots of space to move up. But a profit is a profit... good luck
We have no technical reversal signs on the larger time frame yet and a double bottom is a must for a strong comeback. That said, the price could go higher but this is an area of ​​very strong resistance. I suspect the Hormuz strait will reopen but the conflict will resume later and the Gulf of Andes could be closed by Iran which would prevent a single bean from reaching Europe and we could see huge prices this summer if it happens
We have no technical reversal signs on the larger time frame yet and a double bottom is a must for a strong comeback. That said, the price could go higher but this is an area of ​​very strong resistance.
How Deep correction of this up moment? After correction up again?
the war is going to end, this is why oil wti goes down, us100 goes up. Traders are buying everything, including cocoa.
news?
this not gonna stop here... get out now bears
Finally !!!!!
Roolover is tomorrow end of day and price of new contract will be around 3435, all future contracts are above actual price which is good and meaning that the market believes the price can go further up. Technically the close today is above the channel of the Bullish Flag. Strongly believe we are seeing a short covering on this contract and the price will move up to 3600/3700 level. Volumes are also increasing which is another supportive factor for the bullish side.
of course it is "down". Big players know that tomorrow is rollover on cocoa. Thye need you to lose, so they are selling. Something tells me that after rolling over, there is a real chance that we may see -20 or -25% on every long position.
I am afraid that there is no "market" in terms of cocoa. We (the street) are nothing compared to banks, big investing founds and producers. Since joining BCOM, cocoa market went down. This should be a big lesson for us.
The price has previously been very high in addition to overstocked warehouses with fresh cocoa beans which has resulted in large downside on rollover gaps but now the price is very cheap and many of these beans are not saleable now because they have a shelf life
I agree with you about that. I just want to say that there are strong forces that wants cocoa price be as low as possible because they buy it (for real, not like us). This is why each time we see price going up - price drop a second later.
down 👇
wrong
now Red ♥️ candle
wrong againg, the only way is up
The threshold for talking about El Niño is 0.5 degrees of warming over a period of three months. If you add two degrees of warming, you can talk about a super El Niño. Some of the forecasts now go up to four degrees. If it hits, it will be stronger than anything we have experienced before. At least stronger than what has been documented
what do this have to do with cocoa?
EVERYTHING
tell mr beast to buy cocoa now
Nice close !!! Week candle almost a dragonfly Doji !!! price is going up.... Probably the market already knows that the demand data next week is not so bad or the price already reflects the data. Lets see but I believe this baby will fly North strongly.....
The price has formed a falling broadening wedge over the past 30 days. A descending falling broadening wedge is a volatile technical chart pattern, often signaling a bullish reversal, creates increased panic driven volatility, typically breaking upward in 79% of cases. https://invst.ly/1gmer3
I hope, I believe
Here is a link to what I think will happen with two different alternative outcomes but with the same end result. Either the falling broadening wedge will extend for 5-10 days which I have marked with no. 4 or the price will break out tomorrow or early next week but pull back after a big bounce marked with no 1. https://invst.ly/1gmfy6
Totally agree with you. There is a bullish flag forming and the close price today 3.242 confirmed the flag. Lets target fot the 3.600 to 3.700 for the first goal.
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