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

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