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US Cocoa Futures - Jul 24 (CCN4)

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Currency in USD
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10,003.50
+131.50(+1.33%)
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US Cocoa Futures Discussions

10k?
How can the next contract be 800 points lower, how much difference can there be to reach maximum manipulation?
How can someone be so stpd, not to understand how future commodity markets work?!
i noted same. the is too big cap.
another day in the office 🫘
Can anyone tell me what is the expected closure amount for today?
possible but i think it's going up before correcting again
Correction needed n hope there will be no manipulattion but it should do correction to 9090
Looks that way
slight retracement then up again
It will down?
Think so it should do correction n then go up that's market nature
Another keyboard warrior bully wow get a life mate
As usual, which is pity
Shall i go long?
You should go play in the sandbox, kid. This here is not for you!
I have seen kids like you disappearing from this platform all the time
Wait bro just wait till USA market open then see the direction n invest
Are we seeing 10000 today?
Tiago, have you changed your nickname?
Are you in love of him?
And the rallye continues. 🚀🚀🚀
Lets go to 10 k
Whether it goes all the way to 20000 I highly doubt, eventhough I must admit, nobody can predict irrational behavior in the market. After all no chocolate company will buy cocoa beans for that price, but istead will start using altertives. Lets put it this way, if breaks 10000 it might try to test 12000 once again, however if it breaks 9000 then it may get all the way to 7000. As far as I see it has slightly more chance to go up than down, but anything is possible.
Do you understand how much profit these Chocolate companies have and still make? They are more than willing to pay to outcompete their competitors. Do you know how low inventories in the US are and decease monthly? Mondelez alone took a 1.3 Billion dollar loan 3-4 months ago from 6 different banks with an extension for 364 days for an extra 500 million because of this fiasco. They have along with many others for years benefited off cheap prices and will not change their main ingredients. Chocolatiers don’t do that like other companies I’ve seen in many similar sectors. They’ll at most put the costs on customers as a last second resort. They’ll fire employees if it means buying cocoa; Hershy has & is paying 60 million in severance to account for this since 4 months ago along with inflation. Your doubts don’t matter because like me and many other taders in the fourm our opinions don’t matter and our money doesn’t either. Just the big players, facts, the fundamentals and the chart price
Any report that how much go up?
some speculate to 12k and back down for a double top others think $20,000 some here think $10,000 is the wall and shorted 😭 I’ll be looking for grinding reports in July to really hammer into peoples heads how rich these companies are and will be willing to pay for cocoa even at prices over $10,000
Been in this since $3,500 not leaving until I see $17,000 - $20,000 or higher
nothing about this is luck my brother. Iv also been in Arabica Coffee since $155. I understand what I’m trading and why I hold my positions. Most people here are day traders blowing up their accounts 😹 Big money is giving you a 1 in a 4 year opportunity (Search up commoditiy booms) with the potential for a decade if not more worth of profits and yet many of you doubt prices can climb past your pre-conveniencd notions of how the market, supply/demand and its behaviour works (Despite rarely ever being right about the very trades many of you enter from what I see) until you buy in at my take profits from FOMO and I’m onto something else. People, analysts, forum traders all said $7,000 let alone $10,000 wasent possible now you have traders chanting 10k in the forum as we speak. If you know what your trading, and trade with intent the word “luck” ceases to exist. 🫱🏽‍🫲🏾
Thank you I sold at $11,000 and re-entered on the dip last month
lol
Tomorrow 10k
9408 closing price lol
once again you and “Pinto Trading Pro” were right. Oh wait… Nvm 😹🤣📈
Check barchart price went down at close
Boring see you tomorrow
Buy Cocoa and it won't be boring anymore
Tomorrow margin call for shorties.
🚀🚀🚀
Let's go bulls!
Bear season
Careful rug will be pulled at some point you wont get chance to close it
ah yes let me take advice from the guy who blew up 2 trades on his account instead of following the fundamentals 😹🤣
Ah, sorry, I thought this was directed at me. 😅
No it was directed at the guy blowing up his account trying to short this thing
dayum the buyers bought back that candle lets goooo
Easy money 🚀🚀🚀
until it reaches 10k then maybe down
not 10 k hahahha
I think 9700/9800 is the top and then will go down
Sellers this isnt for us too volatile
Here we go us always buy
Let's go to 9800
10400 , to POC and gap from 29th April
At least 10% down from here within the next 48h - look at open interest in options for Friday!!!
It will back up when the Us market open
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