US cocoa trying to turn this horizontal resistance into a support again Always use a stop-loss when trading!
Stuck in the middle of nowhere, but green candlesticks like this one, leading to new one-month highs, for sure shift the short-term momentum in favor of the bulls side. chart: investing.com
US cocoa bottoming process going well chart: investing.com
As long as cocoa cannot make a higher high, the risk/reward of shorts is pretty good. source: investing.com
US cocoa is probably the most bullish of all commodities right now. US Cocoa (daily) Source: investing.com