Cocoa Daily analysis 7-9-22Cocoa Daily looks difficult wave structure. Counting looks confusing to me at some point. Still the structure gives hope to go down further before moving up really higher value.
Cocoa the soft commodity future monthly EWCocoa the soft commodity is a bean which is fully dried seed and cocoa that we consume are extracted from it. The prices have come higher and made an important structure which ensures future price increase. It looks there will be much more demand for the beans than the production capacity.
Cocoa LongOm Namah Shivay
Cocoa may go up for long if does not go below 2424 and moves above 2511. Immediate target can be 2619 through 2511, 2574.
Om Namah Shivay
#CC_F $CC_F #Cocoa - BULL SPREADCocoa is low and reached an interesting support about 2,000. I expect even lower price and then there will be a great potential for a bullish mood in the market. Bull spread CCH19-CCK19 offers high RRR of 1:3. ENTRY 15 or lower, PT 0 ($150/contract), SL 20 ($50/contract).
#CC_F $CC_F #Cocoa - LONGCocoa is low and reached an interesting support about 2,000. I expect even lower price and then there will be a great potential for a bullish mood in the market.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
CCN2024
Cocoa Futures (Jul 2024)CCU2024
Cocoa Futures (Sep 2024)CCZ2024
Cocoa Futures (Dec 2024)CCH2025
Cocoa Futures (Mar 2025)CCK2025
Cocoa Futures (May 2025)CCN2025
Cocoa Futures (Jul 2025)CCU2025
Cocoa Futures (Sep 2025)CCZ2025
Cocoa Futures (Dec 2025)CCH2026
Cocoa Futures (Mar 2026)CCK2026
Cocoa Futures (May 2026)CC1!
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The nearest expiration date for Cocoa Futures is Mar 14, 2019.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Cocoa Futures before Mar 14, 2019.