Cocoa (CC) Month Long Consolidation Nears Completion

Cocoa (CC) rebounded almost 3% yesterday off upchannel support (on the daily chart). Significantly, CC is nearing completion of a roughly month long consolidation, hinted by the lengthening current green weekly candle's body following the previous 3 weekly Dojis. As CC's upchannel (on the daily chart) extends, odds are rising for a retest by next week, of the 38.2% Fib retrace of the March slide. The weekly, daily and 4hr RSI, Stochastics and MACD are bottomish, consolidating recent gains or rallying. I am flat after taking a slight loss yesterday, and am looking to re-enter long in the green zone (of the daily chart), targeting the red zone for Thursday. The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter)Click hereto read the analysis of Raw Sugar, Corn

Cocoa (CC) Weekly/Daily/4hr

CC (Cocoa) Technical Analysis

Click hereto read the analysis of Raw Sugar, Corn

Honoured to be featured May 18th in theFinancial Timeswith an excerpt fromCrypto Weekly Outlook.


Where there is crisis, there is opportunity, and with some leading US companies whose stocks are at/near 5 year plus lows, and with a number of these same or other stocks also attractive on their dividend yields, Tradable Patterns has expanded its market coverage to beaten down US equities and ETFs.Equities & ETFs, published Saturdays, offers technical analysis on monthly and weekly charts of 25 industry leaders and ETFs.

Join the world's largest asset manager and 2 of the world's 5 largest (and 4 of the 10 largest) hedge funds by AUM as daily readers of Tradable Patterns' technical analysis.Since becoming available on Bloomberg, Refinitiv and FACTSET, readers have included every single one of the global top 10 investment banks. If you represent an institutional investor or potential distribution partner, write toinfo@tradablepatterns.comto request Bloomberg, Refinitiv and Factset readership reports.

Also seen onFT (Financial Times), Interactive Brokers, Amazon,Liquid (Quoine), EXMO, SuperCryptoNews, Alphien and Zerohedge,Tradable Patterns ( 3 newsletters:Today's Top 3 Trades,Equities & ETFsandCrypto Weekly Outlook. Today's Top 3 offers technical analysis (Mon-Fri) on a subset of three CME/ICE futures (commodities, equity indices), spot FX markets, which it considers worth monitoring for the day/week for trend reversal or continuation. Equities & ETFs is the most recently launched weekly newsletter providing technical analysis on monthly and weekly charts of 25 industry leaders and ETFs either at/near 5 plus year lows or which offer high dividend yields. Crypto Weekly Outlook covers crypto industry fundamentals and technicals/fundamentals Sundays on Bitcoin, Ethereum and Ripple. For less experienced traders, tutorials and workshops are offered online and throughout Southeast Asia.

Today's Top 3 Trades, Equities & ETFs, Crypto Weekly Outlook and all other Tradable Patterns content do not constitute an advisory and do not make recommendations, but can supplement your own analysis. Please do your own due diligence ahead of any trades.