Article By:
Eric De Groot
Sunday, July 19, 2020 3:27 PM EDT
Cocoa's primary trend flipped down at the end of the June. The trade has produce a 1% profit so far. None of the time frames in the composite trend are showing extreme price or cycle readings.
In this article: NIB
A Top In The Price Of Cocoa
I have been bullish on #cocoa since January and made a nice bundle since then. However I have grown concerned that the current surge in price has been propped up by speculators and momentum following. With that I agree with your assessment that cocoa and $NIB has topped out.
Cocoa Prices Hit 3 Month Highs
Yes, thanks to you both I've started watching #cocoa. Bullish on $NIB, $CHOC
A New Breakout For Cocoa
I am currently long $NIB, since I am very bullish on cocoa. Let me know what you think of my article on cocoa.www.talkmarkets.com/.../cocoa-a-huge-opportunity-people-shouldnt-ignore
Cocoa, A Huge Opportunity People Shouldn't Ignore
#ClimateChange is having an adverse impact on the #cocoa crops and it will only get worse. But a genetically engineered solution could change everything. $NIB
Trading Cocoa: A Fresh Price Collapse Amid Conflicting Narratives
Thanks for all the information, I have been closely following the cocoa market over the last few weeks. The global surplus clearly is diminishing next year and weather experts say La Nina typically brings heavy rain to West Africa which should support cocoa prices. Personally I believe $NIB will test its all time lows but will not head any lower, the long term decline in cocoa has bottomed out. I look forward to buying in!