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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CJU2024
Cocoa Futures (Sep 2024)CJZ2024
Cocoa Futures (Dec 2024)CJH2025
Cocoa Futures (Mar 2025)CJK2025
Cocoa Futures (May 2025)CJN2025
Cocoa Futures (Jul 2025)CJU2025
Cocoa Futures (Sep 2025)CJZ2025
Cocoa Futures (Dec 2025)CJH2026
Cocoa Futures (Mar 2026)CJK2026
Cocoa Futures (May 2026)CJ1!
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Frequently Asked Questions
The current price of Cocoa Futures (Sep 2024) is 9701 USD — it has fallen 4.05% in the past 24 hours. Watch Cocoa Futures (Sep 2024) price in more detail on the chart.
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The nearest expiration date for Cocoa Futures (Sep 2024) is Aug 16, 2024.
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 (Sep 2024) before Aug 16, 2024.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Cocoa Futures (Sep 2024) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Cocoa Futures (Sep 2024) shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Cocoa Futures (Sep 2024). Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Cocoa Futures (Sep 2024) technicals for a more comprehensive analysis.