Cocoa at a Crossroad
2600 big resistance for Cocoa
Fundamentally I can't find a catalyst to get a rally going that being said with inflation on the rise Money Flow in Commodity is very likely [ One reason why Money Flow in Cocoa might be lagging other Ag commodities is the fact that we have been building Cocoa stocks year/year and La Nina tend to bring bigger Cocoa crops]
To be followed as harvest is just strarting.
Fundamentally I can't find a catalyst to get a rally going that being said with inflation on the rise Money Flow in Commodity is very likely [ One reason why Money Flow in Cocoa might be lagging other Ag commodities is the fact that we have been building Cocoa stocks year/year and La Nina tend to bring bigger Cocoa crops]
To be followed as harvest is just strarting.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.