Futopt Trend Analysis Report
Prepared for you on Sunday, January 23, 2022.
COCOA MAY 2023 CALL 2650 (ICE:@CC.K23.2650C)
Long-Term Downtrend (-90) - @CC.K23.2650C is in a strong downtrend that is likely to continue. While @CC.K23.2650C is showing intraday strength, it remains in the confines of a bearish trend. Traders should use caution and set stops.
Is it time to buy, sell, or avoid @CC.K23.2650C?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.K23.2650C.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.K23.2650C
The long-term trend has been DOWN since at
The intermediate-term trend has been DOWN since at
The short-term trend has been DOWN since at
Smart Scan Analysis for @CC.K23.2650C
Based on our trend formula, @CC.K23.2650C is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).