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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
3,280.00
-175.00(-5.07%)
Closed·

US Cocoa Futures Discussions

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After the disappointing grinding data, range will be again 2850-3400..3700 was a deep fishing and positive anticipation but did not work..at least for now..MM has increased their shorts by last COT by the way..
Not reasonable but we know that trading is like this and the big funds they decide to move the price the way they want. We are the small fishes always. But hope is not lost because 3.300 is a good resistence. Personally I would likw better to see the double bottom and than a strong recovery. Other option is that weather works in bulls way and El Nino intensifies so we can again test 3.700 and finally break it! Afterall grindings data was not so bad and we did have a big surpirse from Asia which is a big market. Have a nice weekend.
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Grinding data has been more than expected decreased so the demand is still weak..The fall has a ground, follow the figures..
One day, everyone will run out of supplies and turn to farmers for sales? :)) Well, farmers who haven't gone bankrupt by then... Then maybe it will grow :/
We can only speculate: is this now a minor correction to a maximum of 3050–3100, than followed by a slight bullish trend, or whether it will actually fall all the way to the 2850-2900 support level We need some strong news fpr cocoa; otherwise, i personnaly doubt, we’re not going to make much headway.
2850 coming next week and hopefully we get a double bottom for a bullish setup. We have broken down from the rising broadening wedge so 4000 is out of the picture for now until we get a good reversal sign on a larger timeframe. We will probably get some bulltraps on the way to 2850
It's frustrating.
Very
Rebound of the sharp increase in price, Its normal it makes a correction. If the US gridings figures are positive tonight the price will go up again to previous levels and test max of this week.
will break 4000 if US is good
Thank u guys
Why is it going down now??
Very good demand data from Asia the biggest volume in years!! Data from Europe not so good but also not so bad because figures are higher than last quarter. Lets see price get back to 3.600 level and trst again 3.700. If it break next resistence at 4.000
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
Do you mean the gap at 2900? Well, in my opinion, I don't think it's unlikely that it will fall that far today.
there s no gap at 2900, i mean the gap from the rollover
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
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
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wang bang what you think now?
If my analysis is correct the price will go down to 3400-3380, then the price will either break down and form a double bottom at 2850 or the wedge will be extended and the price may reach as high as 4000 but I have my doubts price will go that high. 2850 will be necessary no matter what happens in the meantime to get a good bullish setup, the link I added will show you exactly what I think
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.
Time for investing.com to go bankrupt and for the world to get something better
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 !!!!!
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