Short Cocoa CC @ 3350 --> target 3150
Short Sep Cocoa @ 3350; Stop 3450, take profit 3150
Reasons:
RSI and Stochastik Divergence
COT report specs approaching max long position
Overbought on Bollinger Band
Fundamental
Cocoa grind report bearish (released by ICE US on 7/16/2015)
Reasons:
RSI and Stochastik Divergence
COT report specs approaching max long position
Overbought on Bollinger Band
Fundamental
Cocoa grind report bearish (released by ICE US on 7/16/2015)
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