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.
#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).
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Frequently Asked Questions
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.