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There is a trade opportunity based on a potential M.E.T. breakout in the Cocoa futures market. The Stochastic indicator is showing strong Momentum to the downside. While the Trend Seeker is currently neutral, the MACD indicator has shifted bearish. The 20-day Moving Average is flattening out. Entering a short position only if the market trades through the 3/20/18 pivot point low.
This is a sample entry from Burton Schlichter’s email newsletter, Capture the Move, published on Tuesday, April 03, 2018. Important Turns Happen at Important prices Cocoa should be on your radar screen! Red dynamic resistance (CFRN indicator) is painting on a weekly scale suggesting a potential pullback in the cocoa market. Join the others who… Read more.
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Let’s get involved in Cocoa today!
Take a few minutes and view the video and see why I want to BUY…
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We got involved in this trade on Thursday at 2080 as the market banged up against 2100 again and started to trade lower.
THERE WE GO!!!
We got into this market on Thursday 7/13, time to make some adjustments
This 1800 level has been supportive the last few times it was tested.
This week it has once again held.
WE’VE SEEN THIS PRICE PATTERN BEFORE! Let’s trade it!
The steep drop in many commodity market sectors could be nearing an end as a little less volatility in financial markets, a more positive tilt to the Chinese and Indian economies and less safe-haven investing could leave the US economy in good shape going forward.