Future Trend Analysis Report
Prepared for you on Monday, April 6, 2020.
COCOA JULY 2020 (ICE:@CC.N20)
Long-Term Downtrend (-90) - @CC.N20 is in a strong downtrend that is likely to continue. While @CC.N20 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.N20?
MarketClub looks at technical strength and momentum to determine if the timing is right for @CC.N20.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
MarketClub’s Trade Triangles for @CC.N20
The long-term trend has been DOWN since Mar 17th, 2020 at 2401
The intermediate-term trend has been DOWN since Feb 26th, 2020 at 2747
The short-term trend has been DOWN since Feb 12th, 2020 at 2879
Smart Scan Analysis for @CC.N20
Based on our trend formula, @CC.N20 is rated as a -90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
|52wk High||2936||52wk High Date||2020-02-07|
|52wk Low||2129||52wk Low Date||2018-10-01|