Cocoa likes to bottom in these areas Long

Cocoa FuturesICEUS

Descrizione

⋅ 13 lug 2020 09:01

I found two previous cases when the cocoa bottomed here on 2100. Seasonality would support growth in these times. Both 5y and 15y stacked averages do stay that growing is possible. Cocoa has dropped beyond what is usual and I am betting on this support I found. SL on 2078, TP unspecified. Good luck.

Commento

⋅ 28 lug 2020 07:34

Nearing the target.

Commenti

A_Bouras

⋅ 13 lug 2020 09:51

Well mentioned. Similar position for me. SL 2080 on my setup. TP 2490 (I wish!). :-)

OrcChieftain

⋅ 13 lug 2020 09:53

@A_Bouras, Well, we can always open lower if we get stopped out. 2490 sounds like a good level. Round and .5 levels are often repected.

A_Bouras

⋅ 13 lug 2020 09:59

@greenmask9, Thank you for the advise and for taking the time to answer me. Still learning!

OrcChieftain

⋅ 13 lug 2020 10:01

@A_Bouras, We all are still learning. We are just in different stages of the process :)

A_Bouras

⋅ 13 lug 2020 10:04

@greenmask9, :-)

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