Cocoa FuturesShort
COCOA Uptrend breakdown vision based on liquidity levels
Updated
The market is favorable to the sellers from August 7 and allowed them to make a small profit.
The balance of power is clearly in favor of the bears. A breakdown of the local support level at $3405 will confirm our existing evaluation.
We are waiting option market confirmation.
The balance of power is clearly in favor of the bears. A breakdown of the local support level at $3405 will confirm our existing evaluation.
We are waiting option market confirmation.
Trade active
CCZ2023 No changes to our earlier COCOA forecast. We anticipate a negative move after the consolidation period between 3409 and 3495.
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